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Nzdjpyforecast

NZDJPY Break and retest cycle will it reach 2020 high ?NZDJPY ********* ⏳Day chart 🎲 Detailed analysis ⛳️Bullish entry —————-❇️——————- Detailed analysis 💬 1️⃣ Notable break and retest happens twice 2️⃣ 71.630 Multi month highs strong support 3️⃣ Positive risk sentiment, Vaccine news 4️⃣ 72.00 Dynamic support and resistance 5️⃣73.600 acted as strong resistance-Key trend reversal area 6️⃣ 70.110 50% Fibonacci will Acted as strong support/Point of control coincidence 7️⃣ Technical support - Bullish 8️⃣ 73.600 will acted as key reversal-bearish 9️⃣ 2020 High will act as alternative bearish entry-Double top formation 🔟 Possible swing target-73.600 #️⃣ Overall long-term trend- Bullish —————-❇️——————- 📉 Technical bias-Day-Bullish Price is above 50,100,200 Exponential moving average 50,100 Exponential moving average will act as support-Bullish Relative strength index - well above 60 - Bullish trend MACD -Histogram is slowly fading towards red, Oscillators about to cross soon Stochastic - Reached around 75- overbought condition will give a short term fall back expected Ichimoku cloud -cloud is still green-Price is well above the cloud Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected —————-✳️——————- Key reversal area's 70.000 psychological level 70.110Point of control area Volume analysis 71.670 June,July,August month highs 69.000 Lower side of the recent consolidation phase 73.000 Major psychological level 73.660 Possible entry- Bear 73.660 Trendline resistance/Alternative Bearish entry —————-✳️——————- Bearish entry #yen #kiwi #nzdjpy Entry price - 72.150 Take profit 01 - 72.800 Take profit 02 - 73.600 🚫 Stop lose 71.200 ⬆️ 2.00 Growth expected ⤴️ Account growth 1: 2 ✅ Risk reward ratio 1 : 2 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit
2
NZDJPY - Big short sell opportunity almost readyLike I said before i’m anticipating for a big bearish move on NJ when it reached the top of daily ascending channel. However, as I said, we must never take any short trade blindly but to wait for the market to give us any confirmation because the price reach this area in impulsive leg. After that, thir pair continue to move upside seems like breaking the ascending channel structure. However, I never changed my bias and still looking for a short sell entry. I’m already anticipating this kind of fake move because it’s a typical market nature to catch people on the wrong side. Now, that the price has broken back into the channel, the probabilty of this pair will go lower have become higher in my opinion. I will now just anticipating the price to form a corrective structure. In high probability area like this, even small corrective structure Any break from any bearish continuation pattern now will trigger my short sell entry with sl above the corrective structure with target up to the low of the descending channel and can even go lower depending on how the market reach that area. Massive reward available in front of us,. Lets see if we can capitalize it or not now... Good Luck
Short
by moa_trading_journal
1
NZDJPY - A big short opportunity may present it selfGNZDPY is at the top of corrective ascending channel right now. It reach this area impulsively. The price already got a little rejected right now. I will wait for this rejection to go a little further. After that,if i get a bearish continuation pattern to confirm the move to the downside, i will happily take short trade at the break of the continuation pattern as i draw in the chart. On the other hand, if i dont get the confirmation i will still be watching this pair from the sideline
Short
by moa_trading_journal
NZD/JPY SELL IDEAHey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation! NZD/JPY: Daytrade-Preparation Market-Sell: 69,150 Stop-Loss: 69,415 Target 1: 68,895 Target 2: 68,690 Target 3: 68,490 Stop-Loss: 27 pips Risk: 0,5% - 1% Risk-Reward: 2,50 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. :-)
Short
by Trading2ez
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