Nzdjpysell
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.
NZDJPY - MONTHLY TREND - 31. AUGUST 2018WELCOME TO DACAPITAL TRADING!!
GBPUSD 0.10% just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Price broke bullish price channel and moving bearish now..
DAILY
Strong bearish daily movement below previous lows expecting further drop
WEEKLY
Overall very bearish with a small pullback
LEVELS
SELL NZDJPY @ 73.790
SL @ 74.740 (95 Pips)
TP @ 72.740 (105 Pips)
MOVE SL TO BE @ HIT OF 100% FIB!
Monthly Trend follow with small RR and Higher Winrate. Be patient!
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DACAPITAL TRADING
NZDJPY SELL BASED ON NAVIN SIR HEALTH AND MOMENTUM IDEA .THE IDEA TO SELL THIS ONE IS CAME TO MIND WHEN I SAW THE 1H BB GUYS MAKING LOWER LOW WHICH IS SUPER STRONG SO I JUMP TP 15MIN WHICH IS MY TTF AND LOOKING NICE HH AND HL SEQUENCE. NOW AFTER A LOPSIDED V FORMATION, I AM IN BUT NOT FILLED YET.
TTF
3RDTF
IN THIS ONE MY LOPSIDED V FORMATION DONE HIS MOVE AFTER THAT A TEST COME NAD HOLD THERE BOTTOM AND GO DOWN I WANT TO BUY THE SECOND MOVE WHERE I MARKED THE PURPLE CIRCLE. AND I AM LITTLE BIT WORRIED ABOUT MY PRICE NOW BECAUSE of MY SELLERS HAVE TAIL ON THEIR BOTTOM AND IN MY 3RD TF NO DIVERGENCE OF PULLBACK. WHILE I POST THE POST ANALYSIS I STOPPED OUT.
NZDJPY Ready to Turn After Completing Zig-Zag Structure?Hello Traders,
In this short-term analysis, we will have a look at NZDJPY.
NZDJPY has ended the cycle from 04/13/18 peak (79.63) at the low of 05/29/18 (74.57) in red wave W.
Up, from that low it ended a 5 waves impulse structure in black wave ((a)) at 05/30/18 peak (76.29). From that peak, it ended the correction to that cycle in black wave ((b)) at 05/31/18 low (75.64).
From that low, it ended again 5 waves impulse structure in black wave ((c)) at 77.37-77.78 equal legs extreme area from 05/29/18 lows as a part of a ZigZag structure in black wave ((a))-((b))-((c)).
As long as it stays below 77.76 peak, we are calling the correction completed in red wave X. The right side remains to the downside due to its bearish sequence. Therefore, we like selling it in 3-7-11 swings against 78.459 invalidation level.
Potential NZDJPY Moves on Weekly - Very TextbookThe NZDJPY has been making textbook moves for the past 5 or so months and nows the perfect time to see some changes. We had a wedge pattern forming, as well as a bat pattern within the wedge as a little reassurance to buy. Following the leg formed by the bat pattern, we turned around at the .618 giving us a very nice 2618 formation. Going on, theres now a couple of scenarios we could have here;
1. Long position continuing on with wedge pattern.
- Look for a reversal around the NZDJPY 75.80 area.
- Stop loss - just make sure you don't get a lower low lower close candle. If you do then close the trade and take the loss.
- Take profit @ 78.04. Would recommend either trailing your stops as price goes up, or closing half your position @ 77.07
The other alternative;
2. Short position due to breakout. In this case;
-When price gets to that 75.8 area, look for a lower low lower close candle (L3C). The magnified areas in the photo explain this.
- You must wait for the close. Use the Daily chart to find the L3C candle.
- Confirm the close on the weekly. There may be a retest of structure following the L3C so beware of a slight retracement.
NZDJPY has made a bullish exit, potential for strong rally!NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 (Fibonacci retracement, horizontal overlap support, breakout level) towards 79.24 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (89) has made a similar bullish exit signaling a change in momentum from bearish to bullish.
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