Intra-Day Short Opportunity on Pullback-Ascending TL breakout, retest expected
-0.5 fib retracement
-Previous support now acting as resistance
-MA50 momentum shift
Nzdjpyshort
NZDJPY - BEARISH BIASNZD - BEARISH
1️⃣ Investors were cautious on news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant.
2️⃣ Director General of Health Ashley Bloomfield reported six fresh cases of the novel coronavirus in New Zealand, all of which are linked to the Mt Roskill "mini-cluster."
3️⃣ Manufacturing sales in New Zealand plunged 12.1% year-on-year during the second quarter, posting the largest fall since the series began in 1994.
JPY - BULLISH
1️⃣ Traders sought the safety of haven assets following news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant.
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TECHNICAL
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- We're shorting NZDJPY on SBR level + SMA100 area on H1 chart.
- NZDJPY still in bearish zone.
Short Opportunity on Trendline Retest-Respectable descending TL, looking for a retest
-0.618 fib retracement
-Previous area of S&R
-MA50 momentum shift
NzdJpy- False break can lead to a steep dropLast week NzdJpy traded for just one day above 71.50 resistance. The break proved to be a false one and a strong bearish engulfing followed.
Usually, false breaks announce strong reversals and I expect the pair to drop to recent rage support at 69 zone.
Sell trades around 71.50 have a great R:R
Short Position on NZDJPY 4HHello Traders!
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🚀Sell Execution according to the market.
NZDJPY, Correction??Triple Top
W pattern
Rejection Zone
Trendline Holding
Correction is highly needed for proper BULL RUN.
NZDJPY, A Clear Picture..Currently at strong W,D,4H Resistance Level..
Plus Triple top on Daily ..
Trendline is holding also.
If Respected then
70.55 is expected atleast for proper LONG..
NZDJPY simple price-action trade ideaEntry @70.952
SL @71.065
TP1 @70.25
TP2 @69.877
Oh, and did you know that it's literally 12 am in my place? I didn't stay up all night just looking at charts, I watched a couple of gaming live-streams here and there.
Since I am kinda exhausted right now, how 'bout I keep things a bit short. Analysis details are all there for you to see.
6R trade, never successfully made one before, and that's just the TP1. Let's see what happens!
Good night!
NZDJPY H4, wait for reversal pattern to form.The chart above illustrates what could potentially take place on NZDJPY over the next few days or weeks. To the left we see the most recent reversal pattern which formed at the Daily support and resistance zone. Wait for a similar pattern to form before entering a sell. Once price does not break above this zone and we get a reversal pattern I would confidently take a bearish trade using proper risk management.
NZDJPY D, multiple hits to support and resistance zone!Take a look to the left and you will see that price has made multiple hits to this Daily support and resistance zone. If price comes back to this zone, drop to a a lower time frame and monitor for a reversal pattern to form before entering a sell. However, if price decides to break through this support and resistance zone, this can indicate that price wants to continue its bullish momentum. Wait for a retest before entering a buy.
NZDJPY short for 100 pipsHi traders,
As you can see this pair has reversed somewhat and currently trading below 50 EMA. We have seen a pullback with a bearish candle which suggest we might see another push down to make a double bottom at least if not more. I have therefore gone short on this and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
NZDJPY REACHING RESISTANCEHello traders!
NZDJPY is getting close to strong resistance area from where we will be looking to enter short position.
If you like the idea and find it helpful please press like 👍 and feel free to leave a comment bellow. Thank you
NZDJPY short 1 touch 2 touch 3 touch GO!
1. We have 51 EMA touching and being respected
at 3 points in the Market.
2. Two touch makes a tend line and links all the
highs
Looking for Sell Opportunity, Looking for Entry in
Lower time frame 30 minute chart.
NZDJPY 69.297 + 0.18 % SHORT IDEA * CONTINUATION PATTERNS Good Day Everyone
Here's on eon the NZDJPY pair the pair has been in a down trend and broke a relatively strong support now resistance pushed up to retest this level which could possibly signal continuation with the bears. a break above the resistance level will change the whole trading plan lets's see how it goes...
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 68.90
TP 2 - 68.57
SL - 96.50
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
NZD/JPY - Short the Downtrend Line.Hey, I am back with another Forex Idea, this time looking at NZD/JPY.
The pair is downtrend and the strategy is simple, short at the downtrend line, where is also a resistance area.
Entry levels
SL 69.914 (-12)
EN 69.794
TP 69.504 (29)
Good luck with this trade!
Tibor
NZDJPY - Looks JuicyI expect another bearish move to continue the trend. Once we break out of this small bearish flag formation we can expect an aggressive sell-off into the 68 region. If price wants to continue rising we will have a bias change and look for buys into the 70 region after re-testing the structure marked.
According to COT Data Source, 57% are short.
NZD/JPY Wave Analysis
The counter is currently formed a flat ABC corrective wave.
It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum.
Hence, we expect the pair to be bearish in the near-term.
