Possible sell setup For NZDJPY. Look for break of structure before entering. Look for entries around the (1 point) or (3 point) after structure is broken. :)
NZD/JPY FOLLOWING DOWNTREND FROM A VERY LONG TIME. PRICE IS ALSO BELOW EMA200 AND ACTING AS A RESISTANCE. NOW FIRM RESISTANCE IS SEEN AROUND 65.736. AND GOOD SUPPORT IS SEEN AROUND 63.093. FIBONACCI LEVELS ALSO SHOWING THIS RESISTANCE AND SUPPORT ON ITS ONE OF THE PLOTTING POINTS. SO NOW PRICE CAN BE SEEN RETRACING TO RESISTANCE LEVEL OF 65.736 AND THEN GOING...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.82). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Hello folks, its thursday and its time to make some money before weekend.
So here is an analysis on a clear buy indicator.
Pair= NZDJPY
As its very clear that it the price is going up
after hitting the support line.
Also there is a double bottom chat formation and its on the verge
of completing the pattern.
One can go long with tp of 71.000 and SL of...
The counter has formed a double bottom pattern at the lows.
Further, the hawkish statement from RBNZ is set to support the counter in the near-term.
Hence, we expect the pair to trade with positive bias in the near-term.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (70.60). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (72.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.15). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (67.950). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
FX:NZDJPY Reversal potential 67.710 with SL at 67.530 and three potential targets.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (71.500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support....
![NZDJPY: NZDJPY Long Setup [4H]](https://s3.tradingview.com/s/sVfaRMjo_mid.png "NZDJPY Long Setup [4H]")
