💡 Don't miss the great sell opportunity in NZDJPYTrading 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 resistance. . The RSI is at 50. Take Profits: TP1= @ 73.50 TP2= @ 72.80 TP3= @ 72.10 TP4= @ 71.30 TP5= @ 70.50 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Shortby ForecastCity_ME4410
NZDJPYCurrent Trend is UP TG1 = 74.697 Short Position{for settle} TG1 = 74.149 TG2 = 73.804by Ragnark7Updated 1
💡 Don't miss the great buy opportunity in NZDJPYTrading 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. . The RSI is at 67. Take Profits: TP1= @ 74.47 TP2= @ 74.85 TP3= @ 75.25 TP4= @ 75.70 TP5= @ 76.20 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Longby ForecastCity_ME887
NZDJPY Top-Down AnalysisHello 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 and faced rejection creating triple top. We can see a W formation and expect price to drop and test its neck. However for last 4 months price is moving in a range of about 300 pips. D > Price dropped till weekly demand zone again and faced rejection creating double bottom. Price moved up to test weekly supply zone and after rejection started dropping again. We will continue with 3 bearish targets identified last week. 1. Weekly demand zone where price created double bottom last time. 2. Demand zone at odd candle (66.67) on D chart, above neck of W formation. 3. Neck of W formation. Drop till this level will create an inverted H & S pattern. As per COT NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week. JPY saw closure of Long and addition of major Short positions reducing net positions further however N-R added few Long and closed major Short positions. JXY during the said week ended in a Doji but improved its position last week. NZD has been gaining strength slowly since June 2020 which is not in line with our target. However JPY being a safe heaven can strengthen on account of short term uncertainty till outcome of US election. We will hence identify invalidation level for bearish target. 4H > Price is currently back again to test weekly supply zone. A break to the downside will confirm bearish move but a break to the upside till daily resistance will invalidate our target. Pair Correlation > NZDJPY has positive correlation with NZDUSD, AUDUSD and AUDJPY and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FXShortby AP17FXUpdated 0
Bear Flag - SellForecasting a bear flag pattern to form before entering short. Please note Trade like the banks and financial institutions. Do not aim for silly 20-30pips instead look for 90-100 pips and above. Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past! Dont depend on lagging indicators. Simplicity is key to be successful in trading. Thanks to all those who have followed me and liked my post. Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade. Shortby jetly2320
Bear Flag - SellPrice is clearly formed a bear flag pattern. Hence looking to SHORT. Thank you to all those who have sent me private message and been following me. Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators. And started to earn good profits as I have told you on what to do. Please Note: Just knowing the direction of the next move will not help being profitable. There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade. Comment below / DM me in case if you need to know how to do it if interested.Shortby jetly232Updated 0
NZD/JPY-Reject the support priceNZD/JPY looks vulnerable and shows a strong uptrend after bouncing 2 times from the support level.by ProfitClubFX2
NZDJPY-Reject support price NZD/JPY Looks Vulnerable and strong uptrend possibility after the bounce for 2 times. Longby ProfitClubFX1
YESTERDAY'S TRADETHIS WAS MY YESTERDAYS TRDAE BUT I WAS NOT ABEL TO GET IN WITH THE BIG BOYS BECAUSE I WAS USING PHONE IN QUARANTINE.Shortby abhishek020
Don't miss the great sell opportunity in NZDJPYTrading 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 resistance. . The RSI is at 36. Take Profits: TP1= @ 69.00 TP2= @ 68.69 TP3= @ 68.12 TP4= @ 67.36 TP5= @ 66.78 SL= Break above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ Shortby ForecastCity_ME101019
Expanding triangle - SellLong term trend - LONG (Soon change to short) Current trend - SHORT Nature - CORRECTIVE PHASE Pattern - BEAR EXPANDING FLAG Stoploss - 40 pips Risk: Reward - 1:5 Shortby jetly232Updated 0