Get started

Nzdjpyshort

NZDJPY H4 SHORT PRICE ACTION FORECAST With the price in consolidation within an ascending channel, wherefrom a W1 outlook price has just found rejection from the resistance trendline, under a bearish bias, allows for the following setups: Position 1: Price continues to form the channel reaching the resistance level with a buy-limit order S/L: 145 pips - R:R | 1:3 T/P: aiming towards the demand zone Position 2: Price can manage to breakout support line form the channel, triggering order with the following price correction with a buy-limit order S/L: 120 pips - R:R | 1:2 T/P: aiming towards the demand zone
Short
by OGFXTRADER
2
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.
Short
by OGFXTRADER
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. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
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. ––––– 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.
Short
by InkyGrip
1