NZDJPY facing strong support level and trying to break but weak momentum of candle is hint that it will continue Bullish trend with respect to support level. So wait for perfect entry and take this signal with low lot size. NZDJPY BUY TP 1 : 79.779 TP 2 : 80.166 TP 3 : 80.869 SL : 78.963 Let me know is there something wrong in my analysis. Good luck. First...
The market came and retested the trendline again in 4hrs. So we went down to the lower timeframe for entry. After the breakout of previous resistance in 30 mins we took this trade with a very good 1:2 risk to reward. we took this trade very earlier before and got stopped out. So we are in this trade again.
The daily and weekly shows that the NZDJPY is in a strong uptrend. Going down to a lower time frame the market is in a correction of the uptrend and also using fib retracement the market has exactly taken 61.8% retracement and started to move up.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (78.80). 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 a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Hey guys, First time posting here and wanted to share my thought process here. Let me know your thoughts. Reversal pattern on a Daily ZONE. Strong rejection on the H1 and break of structure in the smaller timeframes. Price touched Bollinger bands and Expecting price to create a new lower low and reversing to the down side.
Long on level ang make sure to place valid stoploss accordingly FX:NZDJPY m
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (78.660). 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...
Description: The counter NZDJPY is in the parallel channel from 08th March. The price is moving between the price range of 78.06 and 77.14. The flat-top resistance and the support baseline have been tested twice. Identifying the trend of the counter is very difficult when it is in the parallel channel. Swing trading is more preferable for this counter. Stop loss...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (74.3). 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 below the 21-Day WEMA which acts as a dynamic...
nzdjpy sell at resistance u got 20 to 60 pips
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (74.23). 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 Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a downward channel, price tested resistance of channel and dropping after rejection. Price has already dropped till 0.382 Fib level on monthly bullish impulse. W > Price tested resistance level thrice...
Trading suggestion: . There is a possibility of temporary retracement to suggested resistance line (69.55). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...