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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
NZD/JPY - Incoming Drop - 200 PipsNZD/JPY is making new lows and has currently broken the 200 EMA on the 4H chart. We have 2 reversed hammer one by the side of the other meaning there is strong weakness. For the next breakdown to begin right away, prices would have to not break the 200 EMA on the 4H chart (Which is the last high of the 2 reversed hammer candlesticks). If it does break the 200 EMA up, then it will take a while for the move down to continue. One could put a pending order at 74 so that as soon as the break happens, you can get in the move. Trade safe.
Short
by MoolahMaker
NZDJPY Potential Monthly Reverse Head and ShouldersShown in this example is the Monthly timeframe of the NZDJPY where we are currently sitting at the potential formation of a right shoulder in a reverse head and shoulders pattern. At the moment this market is showing respect for the low that was established at the left shoulder right around the 73.11 level. The ability for this market to stay above the left shoulder around the 73.11 level will increase the likelihood that the long term pattern will evolve. This sets up for a major long term move that would take NZDJPY all the way to the 98 level. A move below the left should around the 73 level will invalidate this idea. So for the expected move toward 98 this turns out to be a huge move the expected risk associated with the idea.
Long
by Andy_Garcia_CMT_CFTe
3