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Nzdjpyshort

nzdjpyNZDJPY - SHORT Why are we entering? - Price broke the ascending trendline = bearish - Expecting further NZD weakness & JPY strength = NZDJPY SHORT What are we waiting for to happen? - waiting for the next correction to enter NZDJPY shorts - possible retest of EMA What is our confirmation? - Retest of 4H EMA - break of WFB once created Entry SAFE Entry: Rejection of 4H EMA and WFB once created Risk Entry 1: Rejection of 4H EMA Once entered, where will our Stoploss be? - above the rejected price Where do we take profits? - First TP: 79 - Second TP: 77.4 - Third TP: 75
Short
by Elrouby
NZDJPY , SWING ON SHORTS ..!!From the daily time frame we see the price action has reached a resistance trendline , based on the previous 2 touches . what we understand from the previous movements of the market we will be looking for a chance or rather confluences as to why we vouch it to sell based to the lower time frame , in this case the 4 hrs. time frame is best fir , where we will constantly be at the search of selling structure or concrete reversal pattern . and possible entries .
Short
by DIGITALASSETSINC
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (82.24). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 31. Take Profits: TP1= @ 81.21 TP2= @ 80.54 TP3= @ 79.86 TP4= @ 79.00 TP5= @ 78.28 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
11