NZDJPY Short idea NZDJPY finds itself between two nice Support and Resistance levels since beginning of December. Now we can wait and see if it breaks the Resistance level at 74.00, if the zone is rejected that would be a perfect entry point for a short position with final TP close to 73.20. Let's see how the price develops on Monday ;)
Nzdjpyshort
Swig Trade OpportunityAfter a break through the channel, NZD is now in an uptrend. Nevertheless we can see an very strog push to the upside. What will happen many times? It is likely to see price at the 0.681 fib level. Therefore we will wait for a break of the daily resistance and retest for confirmation to enter a short position with a nice 4RR.
NZDJPY - Day trade by Keltner 16/12/2020The right screen is never predicting before. Just a the best result at the history for confident to using for Trade.
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Risk: 1%.
1. The Long signal is calculate by the Close of candle crossing up The Keltner Channel Upper.
2. The Short {Sell] 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 Heigh of Keltner Channel).
5. Stoploss and Take Profit is calculated by Plus or Minus from the Price Entry.
partial break of major structure with an ascending structure price broke out of an ascending patter with a minor ascending pattern that may signal that the bullish momentum might change to bearish momentum,
basic knowledge is that ascending patterns end up breaking to the downside, therefore in this type of pattern we are looking for a sell
NZDJPY: Might Take A Huge BEARISH Turn...Looking at the fib lines drawn, we managed to see a nice rejection from 2.618 and 3.618 fib level. As we can see, price level is currently trading near a resistance level @73.35. I will be expecting a bigger movement incoming as today's candle seem like it is testing the resistance level before further movement. I potentially see a good risk to reward for this pair with a TP at approximately 1.618 fib level.
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NZDJPY - Bearish BiasNZD - BEARISH
1️⃣ The risk-off tone weighing on the NZD, as renewed concerns over the performance of the US economy following Friday’s disappointing Nonfarm Payrolls coupled with the persistent lack of solid progress in the Brexit talks.
JPY - BULLISH
1️⃣ The risk aversion sentiment boosting the JPY.
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Technical
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We are looking to sell the NZDJPY below the resistance of 73.300 + below SMA 50 on the H1 chart.
NZDJPY Bearish Daily Outlook LONGTERM OVERVIEW: Bearish.
- Price is at significant daily resistance level
- Both RSI and MACD showing bearish div since April - Should price break below rising support, it will complete H&S pattern driving it down to the .61 Fib
- MACD and RSI showing bearish Div since April
Alternate View: Bullish should price break above and find support at 74.000 Resistance level.
HOW TO TRADE:
- Look for bearish opportunities at breaks and
retests of major resistance levels on 4hr/1hr timeframes.
- Watch for break of major rising support line to
confirm further downside. and complete H&S pattern
Forex Forecasts: Downward corrective wave on NZDJPYThe NEW ZEALAND DOLLAR / JAPANESE YEN pair is moving inside a right triangle and thus the possibility of a Downward corrective wave, in case the lower bound of the triangle is broken and the uptrend at the point of 72.88 is a selling opportunity towards the target of 71.53.
And about the buying scenario, it begins with a penetration of the upper side of the triangle and the point 73.28.
NZDJPY - Big short sell opportunity almost readyLike I said before i’m anticipating for a big bearish move on NJ when it reached the top of daily ascending channel. However, as I said, we must never take any short trade blindly but to wait for the market to give us any confirmation because the price reach this area in impulsive leg.
After that, thir pair continue to move upside seems like breaking the ascending channel structure. However, I never changed my bias and still looking for a short sell entry. I’m already anticipating this kind of fake move because it’s a typical market nature to catch people on the wrong side.
Now, that the price has broken back into the channel, the probabilty of this pair will go lower have become higher in my opinion. I will now just anticipating the price to form a corrective structure. In high probability area like this, even small corrective structure
Any break from any bearish continuation pattern now will trigger my short sell entry with sl above the corrective structure with target up to the low of the descending channel and can even go lower depending on how the market reach that area.
Massive reward available in front of us,. Lets see if we can capitalize it or not now...
Good Luck