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Nzd-jpy

NZD/JPY, D1. Probably Going to go DOWN ???NZD/JPY, D1 chart. My algo gave a signal to swing SHORT just now but I'm still a bit reluctant. The entry point looks sweet but I may have to play the waiting game a little bit more until I see some movement before I commit. The hardest part using my algo is that it usually gives entry signals earlier than I usually would enter using naked charting. If I follow my Algo to the letter, usually I get maximum pips compared to naked charting. The big problem is that I haven't tested it much to be fully confident and just blindly place trades when I get a signal. But looking at my algo's record, it beats my naked charting record most of the time especially when it comes to pips. I think I really have to study my algo more before I get too confident with it but as of now, it has been working quite okay. My old senior once told me to trade like a robot but its easier said than done...
Short
by Ronnel
Don't miss the great sell opportunity in NZDJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (70.7). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 33. Take Profits: TP1= @ 69.90 TP2= @ 69.15 TP3= @ 68.20 TP4= @ 67.10 TP5= @ 66.05 SL: Break Above R2 ❤️ 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 ❤️
Short
by ForecastCity
18
Don't miss the great sell opportunity in NZDJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (70.7). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 33. Take Profits: TP1= @ 69.90 TP2= @ 69.15 TP3= @ 68.20 TP4= @ 67.10 TP5= @ 66.05 SL: Break Above R2 ❤️ 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 ❤️
Short
by ForecastCity
18
NZD/JPY: Ready for an explosive move 🚀The pair has been consolidating for about 15 days and looks ready for a move higher. The top of the channel was broken and price looks ready to test the next fib level as shown in my chart. The fib which was plotted was inverted. Price managed to get well above the daily pivot level suggesting buyers are in to support the up move. Last but not least, price is also above all it's EMAs. I am taking advantage of NZD strength and JPY weakness on lower and higher timeframes and I am buying the pair at these levels. My first target will be around 71.250 - 71.290 levels. Trade at your own risk
Long
by SwissPips
3