Nzdjpysignal
NZDJPY Long trade update and short trade planHey guys, here is the trade plan for NZDJPY. As you guys can see we have a resistance level @71.565 and now we just have to wait for the price to come to our sell zone. For trade entry details, please refer to the chart. Let me know in the comment section if you guys have any questions. If you guys like my analysis please hit like and follow. Thanks.
NZDJPY BREAKOUT-UP OR DOWN?With Price ranging in a channel around the resistance region.
A breakout is imminent,What will become of NZDJPY? will it breakout upward or downward.?
Well i strongly feel that since price is consolidating around the resistance region..We may see some breakout in price in the upward direction.
However,On a personal note This is a clear no trade zone for me until i see a breakout in either direction
NZDJPY - SELLWait for confirmation and price to break through support before putting in a sell to the green area
NZDJPY - SELLAs we can see price closed below support so we are in a sell and looking to TP somewhere near the green area
NZD/JPY Technical Analysis
The counter has been declining steadily ever since it hit the high of 71.663.
However, it has now found support the levels of 68.226 amid testing it twice.
It has formed a bullish pinbar followed by three white soldiers, which is a powerful reversal signal.
Further, it has crossed the bearish trendline with a strong bullish candle.
Hence, we expect the pair to move to resistance placed around 70.000 level.
NZDJPY LONGI anticipate a formation of a triple bottom on the 4H chart and a double bottom formation on the daily chart.
Price has also reached the weekly support zone which has been tested before (blue zone). On the monthly chart the same zone has been a critical area of resistance, I anticipate this zone to be broken on the monthly chart to continue an upwards trajectory.
BUY LIMIT @ 68.321
SL: 67.778 (-54.3 pip risk)
TP1: 69.558
TP2 70.756
TP3: 71.624
NZDJPY, FREEFALL..JPY again showing some movements plus COVID-19 isn't going anywhere.
ALL major pairs will dip for sure..
You can enter with good R:R ratio..
You can ask if you've any confusion..
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 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 SHORT SIGNALS STILL INTACT, NEXT TARGET 0.6400NZD/JPY SELL LIMIT @0.6570
SL: 0.6710
TP: 0.6380
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)
NZDJPY SWING TRADING BUY SETUPOANDA:NZDJPY has been consolidating on the daily lows which right now the price is making new daily highs.
SL: 65.407
TP1: 68.129
TP2: 69.900
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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.
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NZDJPY reversed from resistance, potential drop!
NZDJPY reversed off its resistance at 67.025 where it could potentially drop further to 65.734.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDJPY reversed from resistance, potential drop!
NZDJPY reversed off its resistance at 67.025 where it could potentially drop further to 65.739.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZD/JPY Projection; reversed from resistanceNZD/JPY has reversed from the resistance level of 66.20. I am expecting a decline to the Support Level of 63.50
