Nzd-jpy
NZDJPY May Drop Soon!
NZDJPY looks exhausted to me!
the pair has recently formed a head and shoulders pattern
and currently, it is in an attempt to break the rising channel.
pay close attention to 71.0 horizontal neckline
and sell the market after its breakout.
target levels will be:
70.65
70.20
stop will be at least above the right shoulder!
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Here we can see a 3rd touch of our trend line as resistance which indicates that price will bounce and make a run down to our lower trend line support, the next touch of our lower trend line will also be the 3rd touch so we could see price bouncing around in this wedge for a while.
Be careful when trading and always use CORRECT RISK MANAGEMENT!!!!!
SHORT NZDJPY @ 7090.3 - RSI Divergence #fxRSI Divergence on ENZDJPY. Mondays price action gives us a solid bearish as an entry with strong Bollinger band extrusion. Stop placed above recent high and limit placed at 50% retracement of recent move for 1:4.4 R:R.
NZDJPYWaiting for that resistance to be retested which would confirm downtrend to strong support area.
Patience
NJ: Short sell executed We are expecting some news this evening at... We should remain alert and be proactive with securing our capital and making sure we are protefted once we are in a risk-free position. 71.1 is also anothe rlevle of upper resistance where we could consider adding an additional short entry if we see the right price action. Bears have taken over looking at the 4-hr after the 4-hr doji candle (the first one that you ca see when we entered the trade) and I think this will help bring us down. My favorite zones of fib rejection the 61.8%-72% has been hit perfectly on the longterm weekly time frame on the downward trend.
NZDJPY DAILY 11/30/19NZDJPY Short idea
Continuing with a bearish trend we’re looking for potential short opportunities near the current zone
Price action is near the daily 61.8% fib level, 200 ema, and monthly broken support which is now resistance.
From this area we’re looking for strong bearish setups as confirmation in which case we’re going to look to short toward our monthly level around 69.000 which is about 135 pips lower from current price action
NZD JPY SELL (NEW ZEALAND DOLLAR - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
NZDJPY Daily Analysis 11/23/19NJ Short Idea
The overall trend on higher time-frames have been steadily bearish.
Recent price action on the daily has been trapped in a range between the daily 50% and 38.2% fib levels.
In favor of the trend we’re looking for NJ to push lower and break the range and monthly support, when this happens we want to see a retest of broken support turned resistance with significant bearish setups before we can enter short and begin to target lower support levels.
If momentum is strong and the lower trendline is broken we will be targeting the next significant support level around the 67.00 area which is also around the 0% fib
NZDJPYAveiq Capital Management Group
22nd November 2019
The instrument has been a overall downtrend for most the year. We have seen NZDJPY bottom out to the monthly 67.00 zone, before making a order collection towards the 70.00 liquidity zone. Multiple retests have been made in this area, giving us extra confluence that this should make a new more down giving the bears control. The 70.00 area also lines up with the 61.8% on Fibonacci.
Going down againA similar trend like last time - the price is currently almost at the top of the range channel and will soon go down. TP 69.300. Move your SL to breakeven to reduce the risk when possible.
*Before you trade, make also your own analysis.
NZDJPY sell signal op [100pips]
ENTRY: 69.300+-
TP: 69.000
TP2: 68.800
TP3: 68.600
SL: 69.670
Chart time frame - 1D
Time for reaching TP - 1-5D
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All best!
NZDJPY DAILY 11/17/19NZDJPY Short idea
Higher timeframe analysis shows NJ has been in a strong bearish trend
Current price action is currently ranging within a rectangle around the daily 50% fib level and monthly support around 69.00-69.900
A strong bearish setup breaking the rectangle and pushing down through the moving average and monthly support followed by a retest would be enough confirmation to short
Targets for this trade will be the daily -27% fib around 65.15 followed by the weekly support level around 64.250
NZDJPY: Trading Plan
NZDJPY is currently consolidating within a horizontal range.
Pair is coming closer and closer to a major falling trendline.
I believe that we will see a selling reaction from it.
For confirmation, we will be waiting for a bearish breakout of the range.
Target levels: 68.0/67.0
NZDJPY head and shoulders!!!Hello everyone, nzdjpy has formed an head and shoulders, so we can short till the next support level...
