Nzdjpybuy
NZDJPY is in uptrend and approaching Price action levelNZDJPY
After peaking the September month high around 72.00 which is a key psychological level its felled towards 68.640 which is a low volume area and find some buyers and making series of Higher high higher low patterns.
From Sep-09 to Sep-18 it was trading in a range and felled below the range. I have marked some levels are acting as accumulation and distribution phases after some consolidation phase its moved in a massive way.
The price is currently in a consolidation range at around 70.00 key psychological level. From this level we can expect bullish run towards 71.200 which is price action level where we can see a series of upper side rejection.This level is coordinated with 78.6% Fibonacci level
The price is currently trading within a.50 and .618 Fibonacci levels.As its reached the upper side of the .50 Fibonacci we can expect a minor correction towards .382 Fibonacci and from this level it will go bullish.
The 03 Exponential moving averages which is 50,100,200 are holding as support for the bull.
In Elliot wave theory the 4th impulse wave is completed and the 5th wave is underway. relative strength index has reached the 60 level and MACD histogram showing a starting of the bullish trend.
Ichimoku cloud is acting as support for the bull as its managed to float above the cloud.Buying NZDJPY around 69.900 with the target of 71.150 will give a nice risk reward ratio. Stop lose may placed below the 4th Elliot wave end point which is 69.600
Give us a like if you found useful. And tell your opinion in the comment section
NZDJPY, 4hr tf, buy above the kumo as long legged doji appearsHello my friends,
Today another setup on JPY pairs. This time it is NZDJPY.
I found a good buy setup for this pair as there are some confirmations appeared which consist of:
1. Parabolic SAR now below the price indicating buying pressure
2. Price above the kumo cloud
3. Kumo cloud is green colored
4. Long legged doji which is a price action confirmation
Buy NZDJPY 71.15
Stop loss 70.80
Take profit 1 @71.50
Take profit 2 @71.85
Take profit 3 @72.20
RR ratio is 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I bought NZDJPY at 71.15 as per this writing
NZDJPY LONG until next weekI will go long on NZDJPY because it just bounced on the support zone. It is safe now to go long on NZDJPY.
This is the best time to buy NZDJPY for next week bullish move. I think it will go up next week.
Trade At Your Own Risk ;)
NZD/JPY Wave Analysis
The counter is currently formed a flat ABC corrective wave.
It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum.
Hence, we expect the pair to be bearish in the near-term.
Best Entry Point For NZDJPYNZD - BULLISH
1️⃣ The unemployment rate handily beat the 5.6% forecast coming in at 4.0% and helped to push kiwi to trade well.
2️⃣ Risk-on market sentiment after top Democrats and negotiators from the White House say a deal on a coronavirus stimulus package could be reached by the end of the week and approved as early as the following week.
JPY - BEARISH
1️⃣ The Japanese government plans to decide at a cabinet meeting on Friday to use over 1 trillion Yen from its reserves for responding to the COVID-19 epidemic, after added 1,200 new cases on Tuesday.
=====
Technical
=====
📊 We're looking to long NZDJPY on RBS level + SMA50 area.
📊 NZDJPY in bullish zone.
NZDJPYGutted I did not take the AUDJPY trade I called last week...been very busy so not much chance to trade!.
This is what I am looking at for NZDJPY!
I will not be breaking down my charts or be giving in depth reasoning into why I have a bias on a trade. I feel this encourages people to take trades all over the place hoping one will come through because it sounds right! Trust in the process.
Never look to my trades for a signal...I'm not responsible for any of the trades you take.
Have a blessed Sunday!
BUY NZD/JPY:Stop Loss: 71.23
Entry Point: 71.62
Target Profit: 73.30
Good Luck!
Do not hesitate any question for clarification.
NZD/JPY - Buy OpportunityPrice has broken out of its range. We are waiting for price to pullback to retest its broken structure to look for buy entries.
Buy NZD/JPY: Stop Loss: 69.75
Entry Point: 70.07
Target Profit: 70.65
Good Luck!
Do not hesitate any question for clarification.
NZDJPY - SELLWait for confirmation and price to break through support before putting in a sell to the green area
NZD/JPY Technical Analysis
The counter has been declining steadily ever since it hit the high of 71.663.
However, it has now found support the levels of 68.226 amid testing it twice.
It has formed a bullish pinbar followed by three white soldiers, which is a powerful reversal signal.
Further, it has crossed the bearish trendline with a strong bullish candle.
Hence, we expect the pair to move to resistance placed around 70.000 level.
NZDJPY LONGI anticipate a formation of a triple bottom on the 4H chart and a double bottom formation on the daily chart.
Price has also reached the weekly support zone which has been tested before (blue zone). On the monthly chart the same zone has been a critical area of resistance, I anticipate this zone to be broken on the monthly chart to continue an upwards trajectory.
BUY LIMIT @ 68.321
SL: 67.778 (-54.3 pip risk)
TP1: 69.558
TP2 70.756
TP3: 71.624
NZDJPY SWING TRADING BUY SETUPOANDA:NZDJPY has been consolidating on the daily lows which right now the price is making new daily highs.
SL: 65.407
TP1: 68.129
TP2: 69.900
NZDJPY-- W1 Market View and Analysis Forecasting Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
We are Creative price action Trader. Join with us as we document the in's and out's of my trading journey. we are publish Multiple Time frame Analysis and forecasting (totally Free)
Never Trade alone
we really hope you enjoy All trade..
Disclaimer:
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_______________________________________________________________________________________________
Thank you for your support!
