NZDJPY LONG IDEAHey guys, this pair is currently at deep discount. I would expect to see some bullish movement
Nzdjpyanalysis
NZDJPY BearishNZDJPY with the continuation of sells. Waiting for break of support to be retested as resistance and bearish confirmation to get into the sell @ 75.900
Trading Idea Regarding NZDJPYThis pair is going bearish for the rest of the week
1-If we look weekly time frame its clear that this pair ended its corrective move so we expect another impulse move to the downside( i will post weekly chart in comment kindly check it out if you want)
2-Descending Triangle Chart Pattern
NZDJPY ShortNZDJPY had a great double top, now we are waiting for price to come back up and retest the neckline of the double top and reject as resistance before we sell price to a triple bottom.
NZDJPY continues bearishNZDJPY major downtrend, waiting to see if we pull back to break out and then continue falling or breaks support and continues
NZDJPYTwo possibilities:
1: We could see price come into the green zone and react downwards from there since we have a break of structure and rejection signs.
2: The liquidity sat above the highs could be taken and then we could see price start to distribute, once we see a clear rejection and break of structure pattern forming we can take a sell entry from there.
NZDJPY short analysis Hey traders, here is the analysis for the NZDJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
NZDJPY1. 8/13 EMA daily timeframe crossover has triggered a bullish sentiment
2. Retracement of the previous swing is 0.786.
3. Current projected of is 100% of the previous swing pattern could be 3 or 5 wave move.
MERRY CHRISTMAS AND A HAPPY NEW YEAR.
NzdJpy can fall from resistanceSince October's high, NzdJpy has started a downtrend, at least in the medium term and after finding support in the 76 zone, the pair rebounded and has started to trade in a range.
Now we are in the resistance zone of this range, and a fall could follow.
A rise above 78.70 would negate this scenario and bears can have as target 75 zone
Also, a drop under 76 would confirm an H&S, and the long term target for this pattern is 70
NZDJPYThe basic concept of the chart is Dow theory and it suggests that HH HL is in play based on that we can easily say that a long position should be taken and the first target is 83. Also, stop loss should be applied on the dark green line.
RSI also suggests a highly oversold position.
NZDJPY short analysis Hey traders, here is the analysis for the NZDJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
NZDJPY 1:3 RR trade long into 77.800 , 78.500 (Extended target)Confluences
a. FIB 38.2%
b. Break of 4H structure and Daily Structure
c. Key level
NZDJPYHello. After the failure of the set level and the pullback, the price decreases to the previous floor
NZDJPY short analysis Hey traders, here is the analysis for the NZDJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
NZDJPY ready to take offHi traders,
As you can see the price action is at a very crucial point. Strong support followed by a strong trend line which has been respected for quite some time now. We can also sign of rejection and bullish divergence. It all adds to the fact that we should see an upside push very soon.
Please let me know your thought.
Trade safe and use proper risk management.
Good luck.
#NZDJPY- SHORTWe expect price to comes to our area where there POI and BEO which is a good sign for us to go short with this pair till 79.00 before buyers comes in.
NZDJPY short analysis Hey traders, here is the analysis for the NZDJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
