NZDJPY short has alerted 📉👊🔔We are using our trend following EDGE strategy for this trade.
Entry details are shown on the chart.
Working the 30M time frame on this strategy.
We're only looking for TP3.
The trade history can be seen at the foot of this trade idea too for full transparency.
Previous trades can also be seen on chart.
The long trade that found TP was covered in an idea yesterday
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The stats for this pair are shown below too.
Thank you.
Darren.
Nzdjpyshort
NZDJPY SELL!!this currency pair has been trading inside the given Channel for quite some time now .After observing the last week's movement , it's quite evident that this currency pair is looking to sell. hence i will wait for 61.8% retracement to complete and then take a Target for sell after observing a clear rejection of the 61.8% level on the 4 h Chart . My final Target being 75.74!!
Descending flag along with Bat!NZDJPY - Potential Descending flag along with Bat! Once we get a break out our targets for swings will be the 100/200% (200% also lands at the Bat D point) Which also taps into a large imbalance! Lot's more confluences on top of this too! Will be a nice swing once confirmed!
Let me know your thoughts!
NZDJPY - Bearish BiasNZD - Strong Bearish
1️⃣ The risk-off tone has hit high-beta currencies like the NZD.
2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis.
JPY - Weak Bullish
1️⃣ A gloomy market environment could benefit the JPY.
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Technical
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We are selling the NZDJPY after it failed to break the resistance.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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Sell NZDJPYNZDJPY has respected the resistance level of 77.921 and moving back to our support on 76.400
Reason for trade : A Doji has formed on the 4 hour time frame and also respected the level which gives me the confirmation for a down trend
tp: 76.400
sl:78.130
Use proper risk management when trading
I always use risk ratio of 3:1 win 3 and loss 1
Remember that trading is a patience game
NZD/JPY SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
NZD/JPY: Daytrade-Preparationn
Market-Sell: 78.070
Stop-Loss: 78.310
Point of Risk-Reduction: 77.810
Take-Profit: 76.880
Stop-Loss: 24 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
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Peace and good trades
Irasor
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NZDJPY ANALYSISNZDJPY is approaching a support that is also the 0.618 fib level of it’s recent impulse, if price tests this support and closes above we can expect a nice long to at least the 77.5 levels. If price manages to close below the support and break it we could see a second test of the 74.5 support. Wait for the market to test this support and react.