Thursday, August 14, 2014

NZDJPY Trade Setup for 14th August, 2014

NZDJPY Trade Setup for 14th August, 2014


1 Hr Chart


  • If prices do get to the R2 Daily Pivot , it has very good confluence levels there
    • 127.2 Inverted Fib
    • 200 inverted fib
    • 78.6 Fib Retrace level
    • and Daily Range high (using average pip movement per day)


  • We also have two harmonic patterns identified from my EA which usually is a good indication as well, 
  • If you switch to a 4hr chart, the downward slopping 100SMA is at this level,
  • We also have a small 1hr shooting star during asian session


Outlook Trade opportunity

Perhaps short trade opportunity now or later depending how you see the market

Risk Level Low


Tips -

Always take note of any economical news event on our provided calender below



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