Nzdjpyshort
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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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 shortHello, just a quick one analysts and traders
We have a good opportunity as the supply zone in the green has been rejected.
On the 4 hour we drew a second fibonacci to look for an entry point as you can see on the chart.
The Aussie is still strong but needs a retracement - price can continue to breakthrough but the sells are in play for now.
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
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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
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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.
NZDJPY H1 SHORT PRICE ACTION FORECAST With price action trading within an ascending channel and managing to break through a meaningful level, we could expect a pullback to trigger a sell order as price should continue its bearish momentum towards the channel's support line.
The order:
Type: sell-limit
S/L: 10 pips - R:R | 1:2 -
T/P: ascending trendline
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NZDJPY H4 SHORT PRICE ACTION FORECAST This pair's price action is forming an H&S pattern at the H4 intraday timeframe. From a broader look in the weekly realm, it closed last week at the same level of a previous high (for another double-top) and with a precise bearish pin bar for a clear reading on the force form a downward movement ahead.
However, it has kept into consolidation trough out this week, with mixed signals without explicit confirmation of a downtrend. A second double top has just formed in the intraday, reason why a short entry is going to be taken after the breakout and re-test of the drawing area.
The order:
Type: sell-limit
S/L: 44 pips - R:R | 1:2.6 -
T/P: previous high
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NZDJPY, daily timeframe, Double Top and SHS pattern in playHello my friend,
I noticed some good setup in NZDJPY as price making a potential double top pattern on the daily timeframe.
Taking a deeper look into 4hr timeframe we could see another bearish pattern which is favorable to trade. It is a shs or shoulders head pattern.
I am going to sell NZDJPY as there is 2 bearish patterns in play for this pair.
Also keep in mind there will be NZD datas coming soon in less than 12 hours.
Sell NZDJPY 70.00
Stop loss 70.65
Take profit 1 @69.10
Take profit 2 @68.20
I am selling NZDJPY from 70.00