NZDJPY: possible retracement to enter a long position. Pair has signs of short term reversal. If price breaks the current minor support we can see more downside towards the support zone of the horizontal support & lower ascending trend line.
Price could potentially face more downwards pressure so it is important to wait for clear reversal pattern before going long.
Short opportunity when both the support zone is broken and gets a retest.
Nzdjpylong
Long Position on NZD/JPY 4HHello Traders!
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NZDJPY Long Trade PlanHello traders, here is the trade plan for GBPJPY. ENTRY RULES :- Wait for the price to retest the decending trendline and then watch the price on lower timeframe for entry. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
NZD/JPY Bulls Rejecting BearsGood day, snipers. Here in the NZD/JPY, we can see an overall uptrend so I would only be looking for longs. Next is the long term support zone on the weekly time frame, combined with the short term support zone on the hourly time frame, and also in unison with the 50 Fib Level. Descent risk : reward ratio while risking only 10 pips. If price makes a lower low, I am out with -10 pips.
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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
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NZDJPY | DAILY SESSION | LONGLooking for a drive back up towards the VWAP. This might be a patience game but we have a good stoploss at 70.300
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Strong: NZD
Weak: JPY
This trade is valid until 09/07/2020 @ 9 pm BST.
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NZDJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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