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Nzdjpysetup

NZDJPY – Taking a short sell entry hereNZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday. This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio). A convincing break below that level will open a long term sell opportunity with target still remain to be seen. For now, lets see how will the price develop. Good Luck.
Short
by moa_trading_journal
NZDJPY, 1hr tf, buy setup at the end of wave-ivHello my friends, Today i am gonna buy NZDJPY. Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R. I didn't posted it on tradingview because i was not on my laptop when i took that trade. So instead i will share the buy position today. As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90. Additonally there is 200-EMA at here as well so this place is an area of confluence support. Buy NZDJPY 75.90 Stop loss 75.50 Take profit 77.20 (3.25R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1