NZDJPY is approaching support, potential bounce Price is testing our first support in line with our ascending channel, horizontal overlap support, 78.6% fibonacci extension and 23.6% fibonacci retracement where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Nzd-jpy
NZD/JPY on a Perfect Bullish TrendGood morning traders, today we will analyze the NZD / JPY pair in both daily and 4H charts so that you can see what we expect in the short term in this instrument.
🔸First of all, we want to mark that for most of the year 2020 and so far in 2021, the NZD/JPY is in a strong bullish movement.
🔸It recently broke a strong Resistance zone, and retested it last week, where there was a remarkable upside rejection.
🔸If we decrease the timeframe to 4H, we see a perfect corrective pattern, where the trendline of the move was broken, so we can expect an upward continuation towards the next resistance in the short term.
Nzdjpy might have more pull back with rejection here...
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NZDJPY LongNice expanding flag. Wait for price to reach the 78-88%. price should be in ABC corrective phase. It should be in wave C. If the ABC correct will reverse with this pattern it likes to reach the 78-88% and sometimes 100% or slightly more then reverse. For extra confirmation be very patient and wait for the W/double bottom to form or an inverse head and shoulders. The W/inverse should be proportional to the flag pattern. Avoid taking tiny reversal patterns.
💡 Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (74.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 73.50
TP2= @ 72.80
TP3= @ 72.10
TP4= @ 71.30
TP5= @ 70.50
SL: Break Above R2
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💡 Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (74.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 73.50
TP2= @ 72.80
TP3= @ 72.10
TP4= @ 71.30
TP5= @ 70.50
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDJPY a move to the 74 level ? 🦐NZDJPY on the daily chart after the last impulse couldn't make new highs.
The price after the first bearish leg bounces over minor support, touch the 0.382 Fibonacci level and now look for the break of it.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDJPY £££ buy BUY!! NzdJpy is in a general upward trend as demonstrated with my 3 trendines, with that in mind, price has broke through a supply zone which is not a demand zone, price retesting this zone in confluence with the aggressive upward trend and engulfing candlesticks within the zone we can only conclude that price will continue upwards for 139 pips
💡 Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (74.23). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 74.47
TP2= @ 74.85
TP3= @ 75.25
TP4= @ 75.70
TP5= @ 76.20
SL= Break below S2
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Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (74.23). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 74.47
TP2= @ 74.85
TP3= @ 75.25
TP4= @ 75.70
TP5= @ 76.20
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
POTENTIAL LONG ON NZDJPY!Hey traders,
Hope you all had a great Christmas.
Right now NZDJPY is currently breaking resistance, If the 4h candle closes above this area, we can expect price to move higher giving us a good long position. I will be risking 1% and looking for a 3% return.
If you wish to use this idea, please enter at your own risk and use good risk management.
If you find this idea helpful...
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Follow for more ideas❤
Drop a comment below on what you think of this trade🗨
Good luck on your trades.
NZDJPY on a monthly support 🦐NZDJPY is currently testing a. monthly support.
The price after the attempt to break below retested the minor resistance and now trying again to break below.
IF the market will manage to break below the 73 area, we will set a nice short order according to Plancton' strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NZDJPY on a new impulse 🦐NZDJPY after the break above the monthly structure at 73.150 went for a test of the recent highs at the 74 level.
The market retraced inside a minor descending channel and after the break of it is testing the previous resistance.
IF the market will break and close above we will set a nice long order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Triangle I NZDJPYThe triangle is one of the main figures in technical analysis.
And it is also one of the figures with the highest success.
That is why we are happy when we have the opportunity to trade it.
Today we have such an opportunity again. This time at NZDJPY!
We are waiting for a break to make an entry!
Resistance levels:
74.11
74.29
The script fails when the previous bottom breaks.
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