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.
Nzdjpyshort
NZDJPY SELL OPTION FOR SWING TRADE.NZDJPY SELL OPTION FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZD/JPY STRUCUTRE SHORT|Hello, fellow traders,
Let's take a look at NZDJPY, that is drawing lower highs moving closer and closer to its current support.
It is reasonable to expect a breakout and then short after the pullback. Targets can be seen on the chart.
The new support is the final target, as it is a new horizontal support area, as can be seen on a cart above.
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Wish you a nice evening!
NZDJPY Possible Bearish ContinuationAfter a strong bearish impulse, NZDJPY has been ranging between two trendlines and may now be ready to continue its bearish push. Ideally, traders should wait for a break and retest of the supportive trendline as price can easily respect the trendline and continue upwards to the resistive trendline. First targets can be placed on the trader's reward goals, and a stop loss based on their risk appetite. The ultimate target is the Key Level (previous resistance now acting as support). Trade reactively and NOT predictively; respect price action.
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Best of luck traders!
NZDJPY SHORT TRADE SETUP FOR SWING TRADE.NZDJPY SHORT TRADE SETUP FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZDJPY SHORT TRADE SETUP FOR SWING TRADE.NZDJPY SHORT TRADE SETUP FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
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.
NZD/JPY short Idea We are in overal downtrend on Weekly Dayli and 1H charts.As we can see price nicelly respecting our top trend line and heading back down this is how i see price movement for next days from technical side.From fundamental side all i can say that JPY is a lot stronger than NZD what making me think price may go down even more.Let me guys know what u thinking about this idea in comments down below.Any advices are welcomed.Thank you
UPDATE!! SHORT NZDJPY inside a megaphone range 🦐After our last call on this pair the market hit exactly where we expected and went back down.
Now the market could give us another opportunity to enter.
IF the market will manage to break the structure in blue and close the 4h candle below it we can look for a nice short order according to our strategy.
For the one that already are in since our last call you go risk free on the trade.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
NZDJPY Intraday OutlookFX:NZDJPY recently broke the ascending trendline and did a retest earlier in the London session. With New Zealand's recent poor GDP data, it is showing signs of exhaustion while we can expect the Yen as a safe haven asset to increase in demand in view of wave 2 pandemic. Thus, we can expect more downside movement towards the next strong key level as shown in the chart. Trade safe guys!
NZDJPY Intraday OutlookFX:NZDJPY recently broken the ascending trendline and did a retest during London session. With New Zealand's recent poor GDP data and the Yen as a safe haven asset to increase in demand, we can expect NZD weakness and Yen to strengthen. We could potentially looks for trades for a downside move towards the nearest key level as shown in the chart. Trade safe guys!