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Nzdjpyshort

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
Short
by moa_trading_journal
1
NZDJPY: Retracement Movement Happening...What to look out for???We managed to see 71.20 resistance level being broken with price level now moving within a new phase. The next strong resistance level for NZDJPY will be 73.28 price level. However, for a test to this level, I will be expecting BULLISH strength to build up. Is this BULLISH breakout confirmed? As of now, it will relies on further price movement. I will be looking for a retracement to the broken zone, which is also the 38.2 fib level. If we managed to see a rejection from 38.2-50.0 fib level, we can confirm that BULLISH continuation will occur. If a BEARISH continuation move price level beyond that point we will still respect the old support and resistance level. For now, I will open a short position till 38.2 fib level before deciding the further movement for NZDJPY. I will update again once price level moves closer to that zone. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
2
NZDJPY - A big short opportunity may present it selfGNZDPY is at the top of corrective ascending channel right now. It reach this area impulsively. The price already got a little rejected right now. I will wait for this rejection to go a little further. After that,if i get a bearish continuation pattern to confirm the move to the downside, i will happily take short trade at the break of the continuation pattern as i draw in the chart. On the other hand, if i dont get the confirmation i will still be watching this pair from the sideline
Short
by moa_trading_journal
NZDJPY - Day trade by Keltner 30-Dec-2020Risk: 1%. Data backtest is maximum history bars with premium account. ----------- Look to chart below to found the current rule. ----------- 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.
Short
by dinhchien