Nzd-jpy
NZD-JPY BEARISH SETUPnzd jpy broke uptrend line rebounded from supply zone 72.500
MACD shows bearish momentum ,RSI below 50 level in downtrend
price below SMA 100
so its expected bearish movement to fibo level 61.8% support zone 70.500
NZDJPY - Potential Head and ShouldersAt the end of the week we could potentially be seeing HS pattern which would give us the opportunity to short with great risk-reward ratio. Trade only after the forming of HS and when it breaks bellow the neck as I have shown in the idea.
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (72.65). 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 32.
Take Profits:
TP1= @ 71.75
TP2= @ 71.47
TP3= @ 70.00
SL: Break Above R2
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (72.65). 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 32.
Take Profits:
TP1= @ 71.75
TP2= @ 71.47
TP3= @ 70.00
SL: Break Above R2
NZDJPY sell signal op [50pips]
ENTRY: 72.750+-
TP: 72.450
TP: 72.200
SL: 73.100
Chart time frame - 1D
Time for reaching TP - 1-2D
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NZDJPY - Buying DipsBuy at 72.65
The medium term bias remains bullish
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing
Bespoke support is located at 72.65
Further upside is expected although we prefer to buy into dips close to the 72.65 level
Expect trading to remain mixed and volatile
Stop: 72.30
Target 1: 73.85
Target 2: 74.50
NZDJPY touched Weekly Resistance: Potential SELL set-upHello Traders, I would like to present a potential SELL set-up in NZDJPY through this analysis.
As you can see, NZDJPY has touched the Weekly Resistance in the chart. Currently, the price looks overextended and too many positives(US China trade deal,etc) have already been priced in.
So, any kind of risk-off situation can lead to a sharp reversal in price.
Hence, based on BEARISH PRICE ACTION in lower time frames, traders can look for SELL between 73.30-73.80 with SL above 74.15.
TPs can be set at 72, 71.30 and 70.15 respectively.
Weekly NZD/JPY Forecast (30th December - 3th January)The first Trade of the last week. Breakout just happend from the resistance. RSI overbought, CCI shows divergence. We expect the correction (retest) to the last mirror level.
NZDJPYNZDJPY. Weekly forecast. Price is currently at a major resistance level and has since consolidated for all of last week. Just look left. Looking for a breakout of this channel and will look for shorts.
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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My dream car now though is a Porsche GT3 RS, What car did you want growing up? And what car would you have now?
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.
