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Nzdjpyshort

NZDJPY Possible Bearish ContinuationAfter a strong bearish impulse, NZDJPY has been ranging between two trendlines and may now be ready to continue its bearish push. Ideally, traders should wait for a break and retest of the supportive trendline as price can easily respect the trendline and continue upwards to the resistive trendline. First targets can be placed on the trader's reward goals, and a stop loss based on their risk appetite. The ultimate target is the Key Level (previous resistance now acting as support). Trade reactively and NOT predictively; respect price action. Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below. Best of luck traders!
Short
by sharaafatm
UPDATE!! SHORT NZDJPY inside a megaphone range 🦐After our last call on this pair the market hit exactly where we expected and went back down. Now the market could give us another opportunity to enter. IF the market will manage to break the structure in blue and close the 4h candle below it we can look for a nice short order according to our strategy. For the one that already are in since our last call you go risk free on the trade. ––––– 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
4
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