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Nzdjpyidea

BEARISH CONTINUATION ON NZDJPY NZDJPY has shown great bearish momentum and currently retraced into a continuation pattern. We may see price continue to our take profit level. Stop loss - Red price level Take profit - Green price level Remember you must manage risk, only risk 1% or 2% depending on your risk tolerance. There is no such thing as a guaranteed win in trading. What you have is an 'Edge' with your edge you are in a game of probabilities and you are not always going to be right and that is okay! You learn, trade and continuously optimize.
Short
by Malika_Analysis
1
BULLISH MOVE AFTER RETRACEMENT ON NZDJPY We have seen price show continuous bearish momentum on this pair. Price reached a critical point of support before it started it's bullish ascend. i will be looking for price to pullback around the price level where it currently is and retrace at least potentially 50% of the bullish move before price continues to move bullish . I will looking out for bullish divergence aswell. Red line - SL Green line - TP Grey line - Entry Risk exposure - 1% Risk to reward - 1:2 If you want to learn how to trade and pick profitable set ups on a consistent basis. Send a message and don't forget to hit that follow button! Happy trading
Long
by Malika_Analysis
NZD/JPY : Looking for a Retracement on a Consolidation point!!Right now the pair is below the Weakly Support point Overall the trend is in downtrend but it is on a consolidation fase. The pair might retrace around 0.5 to 0.6 fib point Before it decide it's new trend. I will go long around 72.400 I will go for a short position if it cross 71.390 >>Take profit point if it goes long is around 0.5 to 0.6 fib point >> Take profit point if it goes Short is around 69.563 on a monthly support.
by AyushDhakal
NZDJPY LongNZDJPY looks to be in a quite healthy trend at the moment. With the daily candles closing quite bullish, I believe we may still have a bit of an upside to see. We may very well be in a current Elliot Wave with this wave being the corrective wave number 4. A retracement to the .236 - .382 fib level would be nice to see & it could make for a nice R/R ratio, targeting the .786 - 1-1 fib extension as for our 5th wave. Should price break the .382 fib level, this EW probably may not be valid.
Long
by TkCha