Nzdjpyshort
NZDJPY further spike before a drop! | 30 April 2020Price could spike higher to our 76.4% retracement and 100% extension before a drop to our first support level . Stochastic is approaching support as well. I have also linked the video analysis below, do check that out :) cheers!
NZDJPY further spike before a drop! | 30 April 2020Price could spike higher to our 76.4% retracement and 100% extension before a drop to our first support level. Stochastic is approaching support as well. I have also linked the written version below, do check that out :) cheers!
NZDJPY approaching resistance, look out for potential reversal!
NZDJPY is approaching its resistance at 65.597 where it is could reverse down to its support at 64.431.
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NZDJPY NEW ANALYSISHi Traders, here is the full Update Analysis / Breakdown for NZDJPY.
Keep this pair on your watch-list.
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NZDJPY potential reversal!
NZDJPY expected to rise up to 1st resistance at 65.274 where it could potentially react off and drop down to 1st support at 63.832.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDJPY H1 ANALYSISHello traders, we currently have a short setup for NZDJPY on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
NZDJPY (short)Trade Analysis
Reason For Entry:
- 4H head & Shoulders
- Bounce & continuation of 1H descending trend line
- 61.8 Fib retracement
- Bounce off of 1H resistance
- Shorted on top of right shoulder on H&S pattern 1H
Reason For Stop-loss:
- Above 1H descending trend lien
- Above strong resistance 1H & 4H
Reason For Target:
- 4H lows
NZDJPY SHORTNZDJPY MAking lower lows and lower highs based off h4 timeframe structure. Price recently started selling from major resistance area 65.145. Expecting to see more possible continuation of downtrend with take profits at minor support zones in blue and overall projection at major support zone 63.732.
NZDJPY H1 ANALYSISHello traders, we currently have a short setup for NZDJPY on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
NZDJPY ShortThis pair look like it is consolidating and creating an entry set up for a sell to retest the previous zone of support.
NZDJPYNZDJPY
Multitimeframe analysis
1D
As we can see on 1Day chart market formed a nice double top pattern at the supply zone and price rejected from it nicely , we can expect to see a major drop in it.
4H
As we can see on 4Hour chart market got rejected from the demand zone , but at the same time market creating a lower low. so, we might see a price rejecting from a trendline in the near future.
1H
As we can see on 1Hour chart market created a Fresh Higher High by breaking the previous Lower high and also market breaked the previous trendline support level. We can expect it to rise till 4H trendline level.
NZDJPY IS DESCENDING TRIANLE AND CONTINUE SHORTNZDJPY IS DESCENDING TRIANLE AND CONTINUE SHORT
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NZDJPY BEARISH BIAS NZDJPY
Hello Traders, here is a full analysis on this pair, broken 4hr trendline and retest, I would expect a fall and inflow of sellers come into this pair...
NZDJPY sell setup.just waiting for my sell zone. sell at horizontal line. sl above the zone or above highest wick.
