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!
Nzdjpyshort
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 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 SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
NZD/JPY: Day-Swingtrade-Preparation
Market-Sell: 69,990
Stop-Loss: 70,600
Target 1: 69,390
Target 2: 69,030
Target 3: 68,400
Stop-Loss: 61 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZDJPY, 4hr timeframe, Detailed analysis of SHS/Double TopHello my friends,
This is my more detailed analysis to NZDJPY of my previous post.
Previously i posted about NZDJPY making shoulders head pattern and today price finally closing below 70.00-69.90 support on 4hr timeframe basis.
I tried projecting NZDJPY downward movement using Elliott Wave theory and it is possible price could go down until 68.20-68.30 area
I've sold NZDJPY with 2 positions
1st sell from 70.25
2nd sell from 70.00
For those who haven't entered NZDJPY sell position, you could wait for price to retest around 69.90-70.00 and enter sell there
Sell NZDJPY 69.90
Stop loss 70.65
Take profit 1 @69.10
Take profit 2 @68.30
RR Ratio 1:2
Use proper risk management
Good Luck
NZDJPY Sell Trade Setup for Intraday/Swing TradeNZDJPY Sell Trade Setup for Intraday/Swing Trade
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZD/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
NZD/JPY: Daytrade-Preparation
Market-Sell:70,190
Stop-Loss: 70,415
Target 1: 69,970
Target 2: 69,857
Target 3: 69,700
Stop-Loss: 22,5 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,22
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZDJPY - Multi Time Frame AnalysisThis pair is rejecting the key level of 70.500 on the weekly time frame indicating potential failure to break higher. The last weekly candle closure may suggest the bears are ready to drive the price down. The previous daily candle closure was a bearish engulfing candle suggesting that price may want to start selling off on this pair. On the 4-hour time frame, we are seeing signs of a head and shoulders pattern forming again indicating that if we manage to break this we will see an aggressive sell-off. After breaking out of the ascending trend line on the hourly time frame we are now interested in looking for a sell position confirmation, If we don’t get that and price breaks above the key level of 70.0 we will look to buy into the 70.5 region.
67.7% of commercial players are short according to our COT Data source.