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Nzdjpylong

NZDJPY, 4hr tf, buy on support retest Hello my friends, Another setup for starting November is NZDJPY pairs. Don't forget to check my NZDJCHF post as well If you find my post useful, please give me thumb up and follow me for next update regarding all my positions. After marking my horizontal support and resistance, we continue to mark potential pattern. If we look at the bigger time frame, NZDJPY looks like it is moving inside a sideways channel and we are now exactly on support. The support i pay a close attention to is 69.00 as this is an area of confluences. A lot of support meet here so buyers might want to try defending this area. I am going to try buying NZDJPY at 69.00 as that is the exact point where so many support meets. Buy NZDJPY 69.00 Stop loss 68.55 Take profit 1 at 69.90 (2R) Take profit 2 at 71.30 (5.2R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
2
NZDJPY - Day trade by Keltner 23-Dec-2020The right screen is never predicting before. Just a the best result at the history for confident to using for Trade. ------------------------ Risk: 1%. 1. The Long signal is calculate by the Close of candle crossing up The Keltner Channel Upper. 2. The Short {Sell] 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 Heigh of Keltner Channel). 5. Stoploss and Take Profit is calculated by Plus or Minus from the Price Entry.
Long
by dinhchien
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 Technical Analysis.Currently, NZD/JPY is trading at 69.60. The pair is trading in a resistance and support channel from some time and now moving towards the support level at 69.00. It may rebound back after touching support level to again move towards resistance level at 72.00. Until it breaks resistance or support level, it will hover in this channel. So, do have this pair in your watch list and wait for the right price to enter. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5