NZDJPY testing resistance, potential reversal | 18 June 2020Price is facing bearish pressure from our resistance in line with our 61.8% retracement and 100% extension where we could see a reversal below this level.
Nzdjpyshort
NZDJPY Short PlanHello Traders, here is my analysis for NZDJPY. Let me know if guys have any question in comments. If you like my analysis please hit like. Thanks.
NZDJPY TRENDLINE Abtin00Good morning guys
Whats up ? Everythings all right ?
We are in a sensitive are for nzdjpy if it can break the trendline with power candle ( like maribozu or ... ) we take short position until that the target we shown it below but if trendlline can support it , it can go up to the first target then second target
But dont forget stop loss , we are in sensitive area for suggestion
Good Luck
Abtin
NZDJPY SELLPrice retraced on the initial move down 38.2% of the move.
Anticipating it to finish around the 1.618% mark.
Looking for an entry in the current price zone.
NZDJPY H1 SHORT PRICE ACTION FORECAST Price action is coming from testing a critical resistance level from a downward trendline at W1, as expecting the price to continue bearish until next support level, H1 is finally showing an LH after a strong rejection from 200MA suffered by the previous high.
Together with MACD in a clear bearishness, for a short entry as follow
The order:
Type: sell-stop.
S/L: 52 pips - R:R | 1:2
T/P: aiming towards a previous key zone (support and retest of the trendline.
NZD-JPY looking for short near termNZD-JPY has reached the zone of resistance around 70.00
If the 4 hr candle trigger to shorts, I will be opening a short with the target to levels of 67.100
But remember, we need a stronger rejection from the resistance area
NZDJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
NZDJPY - ShortPair: FX:NZDJPY
Bias: Short
Price as broken a weekly support and now formed a consolidation zone that has been rejected on the 4HR. from here we should see price fall back down to the bottom of the consolidation zone with the potential for further downside.
EclipseTradingSolutions
nzdjpy short set upthis pair might not be ready this week, but it is setting up for a good short if that flag structure develops during this week. Will be monitoring this throughout the week. There is a possible drop through the support floor, will be looking out for that possible outcome for an entry.
NZD/JPY: Bearish setupHello traders!
SHORT NZD/JPY! Reasons:
- Nice EVENING STAR
- MACD seems to be getting bearish
- STRENGHT BULLISH MOMENTUM is gradually declining
Target price should be towards the support line
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
NZDJPY inside a megaphone range 🦐 On the daily chart the market is inside a megaphone since 2018 and recently just hit the upper trendline where it started the downtrend.
The price is now currently retracing and will probably hit the 0.382 at the resistance structure.
If the market will give us bear signal at the resistance we can look for a possible short according to our rules.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
NZD-JPY SHORT TRADE SETUP IDEA FOR 250-PIPS.Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
It would be a swing trade. Patience is the key.
Two Simple Scenarios to Trade the NZDJPY that Needs ATTENTIONTrade Idea:
Previously, buyers have been trying to push this pair higher and above 200EMA, but we can see major sellers stepping in after price has reached the 200EMA (as highlighted from the green circle).
Last week, we saw a significant push from buyers once again and breaking thru the 200EMA and now price is consolidating between a major and minor S/R zones. So I'm expecting two potential opportunities for great trades here:
1st scenario:
200EMA will reach the minor support zone and act as support in combination with the minor support zone, and buyers will step in and push the price even higher, so my entries, TP, & SL will be as follows:
Entry:
Aggressive Entry: 65.470
Conservative Entry: 65.320
TP & SL:
TP1: 66.915
TP2: 67.978
SL: 65.020
2nd Scenario:
Sellers will once again take over this pair and push the price down again to previous major support zone. In this case, I would like to see a break of the 200EMA, in combination with favourable price action to enter the market and target the next major support zone, so my entries, TP & SL will be as follows:
Entry:
Aggressive Entry: 65.200
Conservative Entry: Break of 200EMA
TP & SL:
TP1: 64.540
TP2: 63.790
SL: 65.610
Technical Analysis:
* Range bound market.
* Price is nearing 200EMA.
* RSI currently bouncing off 50 level, indicating buyers strength for now.
Fundamental Analysis:
* De-listing of Chinese companies from US major stock exchange ( Bearish CNY = Bearish NZD)
* Rising tension between US and China relationship ( Bullish JPY)
NZDUSD SELLPrice has broken through the upward trendline and looks to be retesting.
Assuming price stays in this area, I will be opening a sell position at market open and taking it down to intermediate support.
LET SEE HOW'S NZDJPY REACT TOMORROWIT PERFORM A TRIANGLE PATTERN, let's see for tomorrow if price form a little correction, and that a perfect setup.
