NZD/JPY SHORT Round 2NZD/JPY Should do a bounce back to test Resistance one more time, where we are looking to short it once again
We will be using the same parameters as previous call yesterday
This time both are sell limits
NZD/JPY SELL LIMIT
Entry 68.650
Entry 2 68.800
sl 69.100
tp.1 68.350
tp.2 68.100
tp.3 67.900
Risk management please .01 or .02 for every 100
Nzdjpysignal
BUY NZDJPYWe recently saw NZDJPY move bearish until it met a crucial point of support which was also the potential Termination point of the bearish move. Price is currently showing bullish potential to move to our target marked at 70.228 . There's a good risk to reward ratio on this trade and stop loss has been marked at 67.216.
Risk no more than 2% of your equity.
Happy trading Week all !
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 67.726 where it could potentially react off and up to 1st resistance at 67.402.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Counter Trend defined... NZDJPY Long trade setupPrice found support @67.5 making a Higher Low on the daily chart. I expect a Higher High from this point forward at least to the next historic Support/Resistance level @70.4 and maybe Price will flourish even higher close to 72.0 hitting the long term Down trend line.
AND ANOTHER ONE.. NZDJPYPrice has clearly broken bearish and we are in a clear downtrend. Price is currently as point of support which is price is currently respecting. We may potentially see price move up at re-test 71.028 .We can potentially see price move bearish from this point toward our target at 66.629.
Stop loss marked at 220 pips - Manage your risk accordingly!
Risk to reward 1:2
I will be making an educational post on risk management, and how to properly calculate your position sizes. This a MAJOR key in your trading. Hit that follow to be notified when i do post it!
Analysis of NZDJPY 22.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 67.50
• Take Profit Level: 66.50 (100 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 68.50
• Take Profit Level: 69.00 (50 pips)
USDCHF
A possible long position at the breakout of the level 0.9830
USDJPY
A possible short position in the breakdown of the level 106.20
EURUSD
A possible short position in the breakdown of the level 1.1065
GBPUSD
A possible short position in the breakdown of the level 1.2100
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 71.849 where it could potentially react off and up to 1st resistance at 72.567.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZD/JPY to SHORTMarket appears to be in a downtrend, likely retracements along the way before getting to take profit region.
Trade chart at your own risk.
Want to know what indicator I'm using? Send me a polite PM and i'll show you where to find it, plus additional tip if you are a pro (non-pro will not have access to this tip)... no I do not sell anything, all free.