Long opportunity in NZDJPY Note :- Given trades are for educational purpose only . Trade at your own risk
JPYNZD trade ideas
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (76.91).
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 below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 76.17
TP2= @ 75.77
TP3= @ 75.26
TP4= @ 74.60
TP5= @ 73.94
SL: Break Above R2
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NZDJPY Impulse - Correction SpottedNZDJPY potential buying opportunity, the weekly chart shows an impulse - correction pattern, after every impulse & correction next impulse is formed.
Things to consider:
1. Strong weekly impulse followed by short term correction
2. Correction wave retraced 0.382 Fibonacci level and rejected 2 times
3. Price is moving up from strong weekly support
4. COT data:- NZD - 1k ⬇️ JPY - 61k ⬇️ (overall price will go up since JPY is much weaker than NZD)
How to enter:
1. Study the chart provided
2. Locate all the important prices
3. Tommorow when market is open find best entry on 4hr timeframe
4. Stay tuned for sniper entry on Monday
ALL THE BEST!
NZD JPYNJ is possible to go up according to its movement, waiting for both confirmation. Mostly looking for a long run by making inverted H&S pattern
NZD JPYThere are two possibilities for NJ. wait to break the support or resistance level to enter.
if it is short, then it will make a double bottom. if it goes long, then it will make an inverted head and shoulder pattern.
Long opportunity on Monthly time frame with good rewarda clean and simple pattern rejection form support and good reward range
NZDJPY Long and short positionsAccording to Trend line analysis, in near future, NJ will fall down with huge sell off (only opinion)
NZDJPY is in a wedge, must fall down when it reaches the supply NZDJPY is in a wedge, must fall down when it reaches the supply
NZDJPY Long and short positionsAccording to th news release in 11:30 am, Jpy will show both raise up and raise down. so wait till news release in minutes
CATCHING MORE PIPS IDEAnzd jpy is loosing momentum on daily timeframe..
it will go down to previous level
nzdjpy sell sideHello guys i had find this setup in 1h timeframe which is made double top in 1h and also making bearish pattern at upper trendline we have a good opportunity to short from here with sl at resistance and below support tg also plzz do your own analysis before taking any trade if you like my analysis plzz like share and follow thank you
