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...
Long term trend - LONG (Soon change to short)
Current trend - SHORT
Nature - CORRECTIVE PHASE
Pattern - BEAR EXPANDING FLAG
Stoploss - 40 pips
Risk: Reward - 1:5
Hello 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...
Trading 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...
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
Trading 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...
Price 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.
Jan 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
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...
Nzdjpy 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⚠️
