NZDJPY.P trade ideas
NZDJPY 4HR LONG PROJECTIONHello Trades,As per my previous analysis on NJ , Price has failed to push further downwards, there was bullish engulfing at current support level.Hence this would be a good buy opportunity once PRICE GETS RETEST AT CURRENT SUPPORT LEVEL.RISK REWARD RATIO 1:4.5 .Ensure that you use proper risk management with given StopLoss .Please feel free to Message me for your account growth and profitable trades. Account management is offered .Thank you.
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (70.7). 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 support.
. The RSI is at 33.
Take Profits:
TP1= @ 69.90
TP2= @ 69.15
TP3= @ 68.20
TP4= @ 67.10
TP5= @ 66.05
SL: Break Above R2
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NZDJPY 4HR SHORT PROJECTION Hello Trades, NZDJPY we have seen a good rejection at current high and has become a good sell opportunity! A sell entry at 71.08 with TP at 68.50 is my traget
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.777). 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 64.
Take Profits:
TP1= @ 70.520
TP2= @ 71.104
TP3= @ 71.590
TP4= @ 72.650
TP5= @ 73.490
SL= Break below S3
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Ascending channel - entering shortPrice is been forming an ascending channel and to add more to the confluence it is forming pattern with in a pattern structure.
This adds more probability that price is going to drop soon.
Keeping a great risk : reward and entering short.
NZDJPY Cup with Handles formationJan 29 202 starts the formation of the first handle, cup forms from late feb to early june, currently consolidating and finishing the formation of the second handle; potential break out above $70
Don't miss the great buy opportunity in NZDJPY Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.61). 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 58.
Take Profits:
TP1= @ 69.57
TP2= @ 69.76
TP3= @ 70.43
TP4= @ 71.13
TP5= @ 71.65
SL= Break below S2
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NZDJPYNzdjpy is in bullish parallel channel, moving up by breaking resistance level and making it support. Price can resist by two next resistance to go down to make a strong support level.
⚠️Wait for price to resist and breakout⚠️
NZDJPYNzdjpy is in a very healthy uptrend with parallel channel . The price is making new support and resistance levels again and again in a parallel channel .
LONG IS MORE PREFERABLEThe counter NZDJPY is travelling in the support trend line from 18th May which has been tested twice at the prices 65.64 and 66.34. The counter is in the bullish trend and it is expected to continue for a couple of days, so long is preferable for this counter. The stochastic indicator curves also moving towards to the level 80 i.e. the counter is in the bullish trend.
SELL NZDJPY!!!So, what kind of situation we have in NZDJPY pair. If we see the trend lines, it's saying that it's a good time to short this pair as this region holds strong resistance.
Also, in the 4 hr chart, we got conformation to sell this pair. So, if we take a short here then we will be taking profit at 65.300 approx. with a stop loss of 66.200. It's a good risk to reward ratio.
Prices must follow the south direction.
So, we are going to enter this trade now. Let's see what happens!!!!
Stay updated :)
NZD/JPY long NZD/JPY 4 hour
Range-Bound market looking to catch a move to resistance of this channel.
News next week.
Fri May 22 0:45
NZD Retail Sales
Trade safe.
Greetings Anita
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.1). 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 resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 65.05
TP2= @ 66.00
TP3= @ 66.73
SL= Break below S2
BUY NZDJPYTHERE IS A BUY SETUP IN NZDJPY PAIR. IT'S AT PIVOT IN 4 HOUR CHART. ALSO, ITS IN BULLISH TREND.
SO, CAN TAKE PROFIT AROUND 65.600 LEVELS.
GO FOR IT!!!!
NZDJPY WHERE ITS HEADED!!On Friday NZDJPY rallied near to 65.00. So what's next?
According to the trend channel, it must bounce back to 64.00 levels approx. BUT this time it may be breaking this trend and in that case, we will be seeing 66.500 levels approx. and on the downwards direction there is support holding still at 65.00. So, a rebound might be seen from there.
What should be the plan??
If we are long on this pair, nook profit here or at least save some by moving stop-loss above. If planning a short then don't take it now, wait till it gets confirmation below 65.00. Otherwise, be neutral as it has high chances to rebound from 65.00 levels if not, then it may rebound again from 63.700 which proved to be a strong support region.
Now, if you liked this analysis then leave a like and follow me. :)
NZDJPY GREAT OPPORTUNITYNZD JPY is currently around support in the daily chart and also, according to the pattern formation. It must bounce back from here to 65.00 and above levels.
So, it may be a great opportunity for those who are looking to enter a long position with a stop loss at 62.900 and the first target to 65.00 because there is a resistance at 65.00. If it breaks it then we can see 65.500 to 66.00 levels.
So, in my opinion, if we take a long here, it is a great opportunity with less risk and high rewards.
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (65.1). 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 40.
Take Profits:
TP1= @ 64.28
TP2= @ 63.73
TP3= @ 63.10
SL: Break Above R2
