Nzdjpyshort
NZDJPY acts like Bitcoin?As NZDJPY is declining from high of 82.52, the decline is similar so far to the analogue of Bitcoin which we saw a plunge from 68k high as well. Is NZDJPY only a wave behind BTC giving that both are associated risky assets?
If yes point 4 will suck the breakout traders into thinking of a break of trendline and dumps on them vigorously to point 5.
NZDJPY | TRIANGLE BREAKING?NZDJPY is converging in a symmetrcial triangle and the current price is near the breakout area. We think bulls will manage to break it this time and price will test the recent high of 78.300
Alternatively, if it fails to break it then bears will lead the show and drag the price towards 76.500 area.
Trade your levels accordingly.
NZDJPY, watch for CAB entry before SELLHi Traders,
JPY pairs are continuing its strength from the last couple weeks and we can see price peaked out moving correctivley within an ascending channel which also formed a fouvle top creating a big push down to the lower boundary of this correction. Wait for a breakout followed by a correction for more down side movement.
Wair for confirmation before entering. Ensure all of your rules are met.
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NZDJPY still looking to short Hi Traders,
JPY pairs across the board are still developing bearish price action due to the global situation happening between Russia and Ukraine. Looking at the price action we can see a strong Impulse push down from 78.00 which is now making another correction indicating more continuation to fall.
Keep an eye out for this pair, follow your trading plan!
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NZDJPY shortthese setups is only for long term traders and we are looking for sell at that supply zone as we know monthly and weekly trend is down.
will look for short at that supply zone in future just wait and let it reach to the zone and enjoy the long term trade. trade at in the right way at market just dont jump in the middle of the market.
NZDJPY | Breakout in sight?NZDJPY is converging in symmetrical triangle. It is approaching to very important zone. We are expecting bulls to be active here and will cause a breakout from here. One can take long entries.
To negate this statement, bears will take hit from the falling resistance and price will drop to lower of the triangle.
Trade your levels accordingly.
Are we almost ready to drop??Hi Traders,
NZDJPY continued to rise and invalidated our last set up however, we still are within a corrective structure which could potentially give us a reversal soon. If we get a rejection with a strong push down, a short entry would be valid.
Good luck!
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Looking for another SELL opportunity Hi Traders,
NZDJPY is still developing within an expanding structure. We previously have be waiting for a correction to form which now price has reached the upper boundary of this expanding structure.
We need a strong Impulse breakout and correction for validation to go short.
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Follow your Trading Plan and proper Risk Management !