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.
Nzdjpyshort
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 !
NZDJPY | Important Zone NZDJPY is all ready to give a breakout from a consolidation box. We are expecting bulls will push the price to new highs because the consolidation is almost a month long.
Alternatively, if it fails to give a breakout .. it will continue this consolidation and we need to wait for breakout.
Trade your levels accordingly.
NZD/JPY SELL IDEA
Hey tradomaniacs,
welcome to a new free trading-setup!
NZD/JPY: Daytrade-Execution
Notice: Alternative setup! Keep risk low as market makes partially no sense in terms of correlations.
Sell-Stop-Order: 76.240
Stop-Loss: 76.380
Point of Risk-Reduction: 76.050
Take-Profit: 75.680
Stop-Loss: 14 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
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Peace and good trades
Irasor
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Trading Idea Regarding NZDJPYThis pair is going bearish for the rest of the week
1-If we look weekly time frame its clear that this pair ended its corrective move so we expect another impulse move to the downside( i will post weekly chart in comment kindly check it out if you want)
2-Descending Triangle Chart Pattern
NZDJPY - BOTH POSSIBILITY HERE #NZDJPY Weekly
Here is in Weekly Chart Both Possibilities Available
In Bullish Channel H&S Pattern Making a nice Opportunity for Seller if Neckline is Break
if There is any Rejection because of Bullish Channel Then Again Moving to Up
Entering in Trade After Confirmation.
NZDJPYTwo possibilities:
1: We could see price come into the green zone and react downwards from there since we have a break of structure and rejection signs.
2: The liquidity sat above the highs could be taken and then we could see price start to distribute, once we see a clear rejection and break of structure pattern forming we can take a sell entry from there.