NZDJPY SELLHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its RESISTANCE and started falling.
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Nzd-jpy
NZDJPY: Potential Pullback Trade
NZDJPY is trading within a wide horizontal trading range on 4h/1h charts.
This night the price reached its support.
To catch a pullback from the underlined structure with a confirmation,
wait for a bullish breakout of a resistance line of a falling wedge pattern.
Then buy on a retest of the last lower high.
First goal - 77.35
In case of a bearish breakout of the yellow zone, the setup will be invalid.
Please, support this idea with like and comment!
NZDJPY will move lower? 🦐NZDJPY on the 4h chart after the bounce over the monthly support reached the 78 level.
IF the price will turn and break below the min or support according to Plancton's strategy we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDJPY SHORTA strong upward trend has been broken and is now ready for a fall on multiple TFs, a major "brick wall" has been broken and lower highs have been made proving a break of structure on multiple timeframes. I personally, would like to see a rejection of the channel, resistance and a potential head and shoulders forming
NZDJPY facing bullish pressure | 30 Mar 2021Prices are facing bullish pressure from horizontal pullback support which coincides with 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push higher towards our take profit which is a horizontal swing high resistance and coincides with 161.8% Fibonacci extension . If prices fall through our buy entry, prices might take support from horizontal swing low support which coincides with 161.8% Fibonacci retracement and 61.8% Fibonacci retracement . EMA is also below prices, showing a bullish pressure on prices.
NZDJPY facing bullish pressure | 30 Mar 2021Prices are facing bullish pressure from horizontal pullback support which coincides with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push higher towards our take profit which is a horizontal swing high resistance and coincides with 161.8% Fibonacci extension. If prices fall through our buy entry, prices might take support from horizontal swing low support which coincides with 161.8% Fibonacci retracement and 61.8% Fibonacci retracement. EMA is also below prices, showing a bullish pressure on prices.
NZDJPY looking for the 76 area 🦐NZDJPY is currently breaking below the 4h support. The price after the recent highs couldn't break avive and according to Plancton's strategy if the price. will satisfy the conditions we can set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡Don't miss the great sell opportunity in NZDJPYTrading 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 support.
. The RSI is at 42.
Take Profits:
TP1= @ 77.550
TP2= @ 77.075
TP3= @ 76.400
TP4= @ 75.780
TP5= @ 74.880
TP6= @ 73.880
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDJPYTrading 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 support.
. The RSI is at 42.
Take Profits:
TP1= @ 77.550
TP2= @ 77.075
TP3= @ 76.400
TP4= @ 75.780
TP5= @ 74.880
TP6= @ 73.880
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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDJPY looking for recent highs 🦐NZDJPY after the recent highs retraced at the 0.618 Fibonacci level.
The market from there started to range between 2 structure.
Currently the price just break above and if the Plancton's strategy will be satisfied we can set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDJPY on a range move 🦐NZDJPY after the recent highs got rejected by the dynamic trendline.
The market started a range move between 2 structure and according to Plancton's strategy if The price will break below we will set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
LONGAs we can see, first ascending triangle broke, as i expected. Now waiting for the second triangle to break.
The takeprofit level should be at fib level .61, which looks great, because it does also intersect with the spiral. Its looking great.
The only risk is that we already are at fib level .38 - .5, which is an important one , if it goes up to .5, it will go for sure up to .61.
NZDJPY facing bullish pressure, potential for further upside!NZDJPY is facing bullish pressure from 1st support at 77.685, in line with 61.8% fibonacci retracement, horizontal swing low support and 127.2% fibonacci extension. We could see a bounce on the 1st support level towards the 1st resistance at 78.493 which coincides with the 61.8% retracement level, 161.8% fibonacci extension and horizontal swing high resistance. Stochastics is also suggesting that the price is bullish as it has just bounced off support level at 10.60.