Nzdjpyshort
NZDJPY shortHey traders, in the coming week we are monitoring NZDJPY for a selling opportunity around 78 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NzdJpy can fall from resistanceSince October's high, NzdJpy has started a downtrend, at least in the medium term and after finding support in the 76 zone, the pair rebounded and has started to trade in a range.
Now we are in the resistance zone of this range, and a fall could follow.
A rise above 78.70 would negate this scenario and bears can have as target 75 zone
Also, a drop under 76 would confirm an H&S, and the long term target for this pattern is 70
2311 NZDJPY setup a trade down to 78.55, RR>3Hello traders,
NZDJPY is on my selling list since last idea.
But it did now go so well by just testing the pressure line. Instead, it run sidways price action and now seems good chance to sell it with a setup RR>3, DOWN TO FIBO 1.618.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
NZDJPY Weekly Swing trade Preparation We make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action.
We are not sniper traders, and we trade weekly and monthly swing traders.
We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm.
The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels.
MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
NZD/JPY Sellers Pressure..Price is in uptrend on daily and we can see weak sellers momentums so right now this could be a false breakout and price will come back above the prev. daily low.
If not then we are looking for sell entry below the weekly support level and sellers territory on H1 time frame.
Our first target would be at the previous weekly support level at 78.600.