Nzdjpyanalysis
nzdjpyNZDJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further NZD weakness & JPY strength = NZDJPY SHORT
What are we waiting for to happen?
- waiting for the next correction to enter NZDJPY shorts
- possible retest of EMA
What is our confirmation?
- Retest of 4H EMA
- break of WFB once created
Entry
SAFE Entry: Rejection of 4H EMA and WFB once created
Risk Entry 1: Rejection of 4H EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 79
- Second TP: 77.4
- Third TP: 75
NZDJPY Mixed Bias AnalysisNZDJPY still a valid buys on 4H structure bias and will see if the 81.000 level holds. But there is also a 1H downside structure shift and will see if the momentum gets in for the sells on the break of 81.000 level and retest for the targets of 100 Pips ( 80.000 ) as the prices have took a nice retracement from 79% fib level in the Asian session.
All depends on the Price Action. So a wait and see with alerts on is what needed
NZD/JPY SELL SELL SELL.........
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NZDJPY Analysis and Trade Idea... short-to-long!NZDJPY has been one of the strongest currencies for the last several days, while the JPY has been one of the weakest. This may change come with BoJ news on Monday. Rates may stay the same, but just be aware.
Price made a HH, and with a RTI (return to impulse) expected, we can short to the expected HL. There, we can take the more significant swing trade for a long position to the next HH.
The Short-to-Long, if you will.
NZDJPY key reversal bar dictation for weakness ahead for 80.05#nzdjpy, jpy quite weak since last few weeks, 21st daily bar is key reversal bar mostly jpy pairs. this is early indication for jpy strength while trend is still weak in jpy. 21st daily bar dictating correction in jpy pairs. short nzdjpy with two levels mentioned in chart by dividing risk equally on both. target 80.05
NZDJPYBullish Indicators:
1) Bounced from the upward trendline
2) Support zone at 76.5
3) Bounce from FIb level 50.00% (76.108)
Bearish Indicators:
1) Resistance from the downward trendline and zone at 78
Plan A: One can buy from here for the target 77.7 or towards the downward trendline
Plan B: On the breaking of ascending trendline one can sell for the target of 76.1 where the major support lies.
NZD/JPY SELL IDEAHey tradomaniacs,
NASDAQ100: Daytrade-Preparation
Market-Sell: 77.140
Stop-Loss: 76.860
Point of Risk-Reduction: 76.660
Take-Profit: 75.800
Stop-Loss: 27 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
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Peace and good trades
Irasor
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NZD/JPY BUY ......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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nzdjpy longif we look on the daily chart it look like invented head and shoulder patern, the price is currently on the demand area and 50% of fibonacci retracement which has moving price upward once (marked with number 4) and now the price is rejected upward from the same demand area on the 4 hours chart, the price close below trendline and moving up again and close above it, and its look like an invented head and shoulders pattern. so, we expect the price will go continue moving upward.
for another reference you can check on the link below. thank you.