NZD/JPY SELL OPPORTUNITY NZDJPY was one of the most bullish currency pair of 2020 and market found a strong resistance and went down. now market is back at that supply zone and after confirmation its going down to those Fibonacci mentioned areas down below in coming days.
look for the bearish confirmation on lower time frames and enter sell with your own money management
always remember that
Patience is the key
Nzdjpyshort
NZDJPY waiting for shortHi Traders,
This is our view on this cross for the next days.
#NZDJPY
SELL 74.7
SL 74.85
TP 74.27
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Any updates will be given in the comment section below
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Trading Kitchen
NZDJPY - Bearish BiasNZD - BEARISH
1️⃣ Investors digested US president-elect Joe Biden's $1.9 trillion stimulus package.
2️⃣ The risk-off tone undermined the antipodeans.
JPY - BULLISH
1️⃣ Investors focused on President-elect Joe Biden’s announcement of a stimulus package designed to jump-start the US economy.
2️⃣ The Bank of Japan on Thursday maintained its economic assessments on five of the nine regions, however, noted that the economy was in a "severe" situation in many regions, but signs of a pickup have emerged, while Kuroda said earlier in the day that the BOJ will take additional easing steps if necessary.
3️⃣ The negative risk tone boost the safe-havens flow.
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Technical
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We are looking to sell the NZDJPY on SBR + below SMA 50 on the H1 chart.
Wave Correction Bearish Crab PatternNZDJPY WAVE CORRECTION AND BEARISH CRAB PATTERN
We should see a retracement for XYZ correction,
Market Sell Order Set Up.
Sell Entry: (75.188)
Take-Profit: (74.478)
Stop-Loss: (75.694)
Max Risk-Reward: (1.40)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Tradin Plan #NZDJPY (SHORT)Good day, traders! Don't forget to put your thumbs up and write your comment if you like the idea 🔥
Selling the pair from the zone 75.112 - 74.760, then lowering the pair to local support to the level of 73.99, then retesting the zone 75.112 - 74.760 and the short scenario of the pair towards the targets of 72.63 - 72.24
DISCLAIMER:
The author's opinion may not coincide with yours! Keep this in mind and consider your trading transactions before making a trading decision.
NZDJPY SHORTSpotted strong bearish divergence on the daily and 4Hr charts for NZDJPY
I have opened a short trade as we have strong resistance around the 75.xx region (could see a last push up to 75.600 max 75.800)
Tp1 target is in the green box around 74.400 (might keep a portion running if we lose trend support.
Will update when we get there.
Please like and share if you like my trade idea
NZDJPY - Day trade by Keltner 23/12/2020The right screen is never predicting before. Just a the best result at the history for confident to using for Trade.
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Max Risk: 2%.
Risk/Reward: 1/1.1
1. The Long signal is calculate by the Close of candle crossing up The Keltner Channel Upper.
2. The Short signal is calculate by the Close of candle crossing down The Keltner Channel Lower.
3. Reset the Up/Down confirm at Entry.
4. Don''t entry when occurs the Reversal Candle (over 80% the height of Keltner Channel).
5. Stoploss and Take Profit is calculated by Plus or Minus from the Price Entry.