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Nzdjpylong

NZDJPY: FOLLOWING the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/JPY ⚪ Technical Analysis : Let's start talking about the weekly perspective, since the end of March 2020, the price has been moving following a clear rising wedge, getting strong rejections on its S/R dynamic pattern's line. One week ago the price reached its dynamic resistance and it started falling down. In the daily chart the price is still moving with a strong uptrend, it actually is getting a short correction and this is absolutely possible if you consider that a strong impulse started at the beginning of November 2020, once the price reached the dynamic pattern's level. In the h4 chart we can see that the price got its last bullish impulse on 23th of December, completed on the 8th of January 2021 once it reached and bounced on the weekly dynamic resistance. Since that moment the price has been moving in a new downtrend, following a clear descending channel. The price has just broken a daily support and it's now approaching to reach the next weekly support level. The next price action it will be essential to understand the next market movement. 🔴 Conclusion : ❌ The price is still moving with a bearish movement and I'm confident to see the price reaching the weekly support level. That zone is personally really interesting because it's a strong weekly area that rejected the price many times in the past and also it's about the 0.50% of Fibonacci retracement of the main bullish impulse. After that I'll start looking for a long position once the price will break the descending channel. As a trend follower, I wouldn't suggest to you to get any long position right now, instead you should wait the breakout of the descending channel. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10
NZDJPY - Bullish BiasNZD - BULLISH 1️⃣ The annual yield on New Zealand government 10-year bonds has climbed to 1.12% from a low of 0.44% in September. 2️⃣ The ANZ World Commodity Price Index lifted 1.8% in December 3️⃣ Investors braced for President-elect Joe Biden’s COVID-19 spending plans, with trillions in new spending expected to be unveiled including heftier direct stimulus payments to Americans. JPY - BEARISH 1️⃣ Investors retreated after Japan expanded a state of emergency in the Tokyo area to seven more prefectures amid a steady rise in cases. 2️⃣ Consumer spending is forecast to fall by more than 2 trillion yen (US$19.3 billion) as the declaration could lift unemployment and cut sales at eateries and retailers, corresponding to a 0.4% contraction in Japan's annual gross domestic product. ===== Technical ===== We are buying the NZDJPY above the support + above SMA 50 on the H1 chart.
Long
by MonsunAsia
5
NZDJPY - will wait for price to come to where I want to tradeSince March 2020, this pair has been in an uptrend. A base was established in the 68.20-69.00 area from where the current up move was launched. Price recently broke above a major S/R zone located in the 71.50-72.70 area. I expect that area will be revisited and this is the area I will be looking to find an opportunity to join the trend. If this works out as per my analysis, this trade has the potential to provide a +4R trade. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Long
by Trading_Vista
NZDJPY - Day trade by Keltner 24/12/2020The right screen is never predicting before. Just a the best result at the history for confident to using for Trade. ------------------------ Max Risk: 2%. Risk/Reward: 1/1.1 1. The Long signal is calculate by the Close of candle crossing up The Keltner Channel Upper. 2. The Short signal is calculate by the Close of candle crossing down The Keltner Channel Lower. 3. Reset the Up/Down confirm at Entry. 4. Don''t entry when occurs the Reversal Candle (over 80% the height of Keltner Channel). 5. Stoploss and Take Profit is calculated by Plus or Minus from the Price Entry.
Long
by dinhchien