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Nzdjpyforecast

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
Long
by forexorbit
2
NZD/JPY BUY SIGNAL Hey tradomaniacs, welcome to new free trade-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! NZD/JPY: Day-Swingtrade-Execution Market-Buy: 71,115 Stop-Loss: 70,515 Target 1: 71,600 Target 2: 71,900 Target 3: 72,400 Stop-Loss: 50 pips Risk: 0,5% - 1% Risk-Reward: 2,60 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
3
NZD/JPY - ForecastAs you can see NZD/JPY recently broke above the consolidation/Ranging level. and has RETESTED it. Now we need to see if this was a fake breakout or it will actually continue in Buy. if it comes back in the consolidation range then it was a fake breakout BUT if it breaks above the previous structure at around 71.950 then it should continue going up till next resistance level which is at around 73.45. :: If you have a better idea or you disagree with me then please let me know in the comments A Like would be appreciated.
by GoldPlusTrading
1
NZDJPY H1 SHORT PRICE ACTION FORECAST With price action trading within an ascending channel and managing to break through a meaningful level, we could expect a pullback to trigger a sell order as price should continue its bearish momentum towards the channel's support line. The order: Type: sell-limit S/L: 10 pips - R:R | 1:2 - T/P: ascending trendline -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
NZDJPY H4 SHORT PRICE ACTION FORECAST This pair's price action is forming an H&S pattern at the H4 intraday timeframe. From a broader look in the weekly realm, it closed last week at the same level of a previous high (for another double-top) and with a precise bearish pin bar for a clear reading on the force form a downward movement ahead. However, it has kept into consolidation trough out this week, with mixed signals without explicit confirmation of a downtrend. A second double top has just formed in the intraday, reason why a short entry is going to be taken after the breakout and re-test of the drawing area. The order: Type: sell-limit S/L: 44 pips - R:R | 1:2.6 - T/P: previous high -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
NZDJPY H4 SHORT PRICE ACTION FORECAST Price has been trading with a descending channel (hornet) quickly spotted from the D1 domain. It was able to break the resistance line from the structure only to form a clear double top pattern, confirming a downtrend movement. Currently finding strong support as expected on the 200MA acting at the last line of defense before the massive downward momentum. If the price manages to break through the current level, a short entry will be waiting for it, with an extensive R:R ratio if price respects the more significant structure. The order: Type: sell-limit S/L: 66 pips - R:R | 1:5 - T/P: aiming towards the next support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
NZDJPY H1 SHORT PRICE ACTION FORECAST Price action has been compressing, forming a triangle pattern. And from the D1 domain price has respected the descending trendline, finding rejection from that level. Technically speaking, the pair looks under bearish momentum after the consolidation with the formed pattern. Short entry at the 4th touch is placed with the following characteristics. The order: Type: sell-limit S/L: 24 pips - R:R | 1:2.6 - T/P: next support from previous consolidation level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
NZDJPY H4 LONG PRICE ACTION FORECASTThe pair shows some bullish momentum with the New Zealand dollar. After the breakout of the previous support level, a retest over the broken level is expected before the uptrend continuation, allowing the setup of a long entry with a decent R:R The order: Type: buy-limit S/L: 36 pips - R:R | 1:2 - T/P: previous confluence zone from support and trendline -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
NZDJPY H1 SHORT PRICE ACTION FORECAST New Zealand dollar under sellers pressure has recently formed HL&LL pattern, looking forward to price action to break the support continues blue line from D1, for a retest an entry in the market with a short sell order. The order: Type: sell-limit S/L: 20 pips - R:R | 1:2.3 - T/P: previous confluence zone from support and trendline -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
NZDJPY H4 SHORT PRICE ACTION FORECAST With the price in consolidation within an ascending channel, wherefrom a W1 outlook price has just found rejection from the resistance trendline, under a bearish bias, allows for the following setups: Position 1: Price continues to form the channel reaching the resistance level with a buy-limit order S/L: 145 pips - R:R | 1:3 T/P: aiming towards the demand zone Position 2: Price can manage to breakout support line form the channel, triggering order with the following price correction with a buy-limit order S/L: 120 pips - R:R | 1:2 T/P: aiming towards the demand zone
Short
by OGFXTRADER
2
NZDJPY H4 LONG PRICE ACTION FORECAST -UPDATE-Price action fund rejection from the strong level drawn from W1 timeframe, being able to manage a breakout from the trend line, and retest of the level changed the reading of the previous post from a short-entry to a renewed long position. The pair bullishness is supported not only by the price structure but the MACD and smooth sloping up from the 200MA The order: Type: buy-limit S/L: 68 pips - R:R | 1:2.4 T/P: aiming towards the resistance trendline
Long
by OGFXTRADER
NZDJPY H1 SHORT PRICE ACTION FORECAST Price action is coming from testing a critical resistance level from a downward trendline at W1, as expecting the price to continue bearish until next support level, H1 is finally showing an LH after a strong rejection from 200MA suffered by the previous high. Together with MACD in a clear bearishness, for a short entry as follow The order: Type: sell-stop. S/L: 52 pips - R:R | 1:2 T/P: aiming towards a previous key zone (support and retest of the trendline.
Short
by OGFXTRADER
Two Simple Scenarios to Trade the NZDJPY that Needs ATTENTIONTrade Idea: Previously, buyers have been trying to push this pair higher and above 200EMA, but we can see major sellers stepping in after price has reached the 200EMA (as highlighted from the green circle). Last week, we saw a significant push from buyers once again and breaking thru the 200EMA and now price is consolidating between a major and minor S/R zones. So I'm expecting two potential opportunities for great trades here: 1st scenario: 200EMA will reach the minor support zone and act as support in combination with the minor support zone, and buyers will step in and push the price even higher, so my entries, TP, & SL will be as follows: Entry: Aggressive Entry: 65.470 Conservative Entry: 65.320 TP & SL: TP1: 66.915 TP2: 67.978 SL: 65.020 2nd Scenario: Sellers will once again take over this pair and push the price down again to previous major support zone. In this case, I would like to see a break of the 200EMA, in combination with favourable price action to enter the market and target the next major support zone, so my entries, TP & SL will be as follows: Entry: Aggressive Entry: 65.200 Conservative Entry: Break of 200EMA TP & SL: TP1: 64.540 TP2: 63.790 SL: 65.610 Technical Analysis: * Range bound market. * Price is nearing 200EMA. * RSI currently bouncing off 50 level, indicating buyers strength for now. Fundamental Analysis: * De-listing of Chinese companies from US major stock exchange ( Bearish CNY = Bearish NZD) * Rising tension between US and China relationship ( Bullish JPY)
by JKFXTrading