Nzdjpysignal
NZDJPY - LongNZDJPY
Many of the Yen pairs have found themselves at support with daily stochastics in oversold territory. We are expecting Yen weakness to kick in over the next two to three weeks, so maybe tomorrows catalyst for the Kiwi will be the quarterly Retail Sales figures due out at 23:45GMT on Sunday.
A good print here could see the Kiwi further strengthening off its bounce from the 61.8% Fibonacci retracement and previous daily structure levels. Ideally we would like to see a double bottom to confirm support. If we break down below 79.000 then we will re-assess at 78.000.
4hr Chart:
1hr Chart
15min Chart
NZDJPY Wait for the BreakOUT*please take note that a few hours from now there will be NZD news. This news has potential to cause a breakout. So be careful with taking a position before the news.
NZDJPY on the daily time frame shows on interesting setup that can either way. A break of the resistance will cause a nice move further up. However if it bounced back and breaks the lower range a new down trend will start.
Currently the 4 hour time frame shows a possible 20-40 pips retracement before continuing to go up.
Trade Plan:
Wait for a break-out to either direction. Alternatively if price bounced back to the lower range but doesnt break it, this means the 4 hour time frame retracement has been completed and price will go up.
Use a 60 or 80 pip stop loss
Buy take profit: 81.30 > 82.50
Sell take profit: 77.90
NZDJPY Long based on Mongerksit trading system.Buying to test the system, lets see how it turns out.
going to post multiple of these to get a approximate accuracy on the system.
to try the system pm me.
NZDJPY Daily 200 SMA TestHere is a setup that I watch where the market is testing the daily chart 200 sma. As long as price can stay above the 200 SMA then the likelihood increases for more upside.
NZDJPY 1H TECHNICAL ANALYSISWe see the price consolidate at current level and than fall - We take short position at 81 and book profits at 80.
NZDJPY - LONG TERM WEEKLY ANALYSIS !!We expect the price will move upwards in long term weekly technical analysis.
Take Entry @ 82.50
Take Profit @ 88.30
Stop Loss @ 72.00
NZDJPY SELL SETUP Wait FOr Breakoutafter a long time i saw a good setup .NZDJPY D1 Bearish pi bar very huge move soon
