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Nzdjpysignal

NZDJPY touched Weekly Resistance: Potential SELL set-upHello Traders, I would like to present a potential SELL set-up in NZDJPY through this analysis. As you can see, NZDJPY has touched the Weekly Resistance in the chart. Currently, the price looks overextended and too many positives(US China trade deal,etc) have already been priced in. So, any kind of risk-off situation can lead to a sharp reversal in price. Hence, based on BEARISH PRICE ACTION in lower time frames, traders can look for SELL between 73.30-73.80 with SL above 74.15. TPs can be set at 72, 71.30 and 70.15 respectively.
Short
by TraderAvDM
1
NZDJPY BUY TRADE IN DAY CHARTThe bearish trend line was broken in both the 4hr chart and in day chart. RBNZ is holding their rate cut decision as the economy performs well. And the trade deal between china and USA will strengthen the AUD and NZD This pair is currently trading at resistance level which is 72.600 we may expect a short term fallback towards 71.720 level which is a support zone as well as the 78.6% Fibonacci From this level we may expect a further upward rally towards 74.400 Potential stop lose may placed at 71.220 level... Always follow the money management.. Give your valuable comments regarding this chart..
Long
by forexorbit
1
NZDJPY SELL SETUPSELL SETUP ABOUT NZDJPY _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together. _________________________________________________________________________________________________________________________________________ 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. _________________________________________________________________________________________________________________________________________ Thank you for your support!
Short
by AIRFOREXONE
2