Nzd-jpy
NZD JPY Weekly Swing IdeaI look for a long entry in the markt area ...we are in an uptrend forming several demand zones as well as a couple s/r flips ...
i give an update here when we arrive in entry zone ..
keep it simple guys have a great week
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.
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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.
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 If the four-hour candle is closed above the number 77.40 , the chart will move to our tick line
risk/reward 1/4
NZD JPY SELL (NEW ZEALAND DOLLAR - JAPANESE YEN)Hi there.
Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
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.
NZDJPY LongsLooking for a rejction off the 50 or 61.8 fib level to take this up towards the fib extension targets.
NZDJPY: The price is still FOLLOWING its ChannelHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
Since the end of January 2021, the price has been following a clear ascending channel, leaving its main trendline and starting a new uptrend, bouncing few times on its secondary trendline.
Today it broke through a daily S/R zone at about 76.600, getting a rejection (see the pin bar) on its dynamic channel's line.
The price is currently moving down, approaching a new re-test of the previous S/R zone.
🔴 Conclusion :
The monthly and daily perspectives are still following an uptrend, so I'll be looking for long positions on this trade.
I'm confident to see the price getting a bullish impulse after it will re-test and probably consolidate on the S/R zone at 76.600.
The price is cleary moving over the EMA 100, than a proper rejection will be a nice long opportunity.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDJPY is facing bearish pressure, potential for further drop Price is facing bearish pressure as it holds below both the descending trendline resistance and Ichimoku cloud, in line with our bearish bias. We could potentially see a further downside as price is testing our 1st resistance at 76.157, in line with our horizontal overlap resistance, 38.2% Fibonacci retracement and 100% fibonacci extension. A break below our downside confirmation level at 75.880 could provide the bearish acceleration to our first support target. RSI is showing a bearish breakout as well, in line with our bearish bias.
NZDJPY is approaching support | 17 Feb 2021Price is approaching support where we could see a bounce above this level.
NZD JPY SELL (NEW ZEALAND DOLLAR - SWISS FRANC)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for sell.
What I'd love to see on NZDJPY!Akin to my previous forecast on USDJPY, price is now on my resistance trendline. probabilities
NZDJPY: BUYWith our fundamental bias, understanding that Japanese Yen is expected to stay weak for the next 4-6 weeks, we can take advantage of some bullish setups for NZDJPY for the next 4 weeks.
Right now price is at a nice Bullish entry as a front-run for next week.
Enter your BUY order around 75.615 and your Take Profit price at 76.284 (always make sure to set a conservative SL for yourself if your account isn't quite large yet).
NZDJPY - Ready to SHORTEntry break of trendline with stops above the high.
Aiming for the major trendline
Confirmation:
- MACD divergence
- Wedge resistance
NZDJPY - Ready to SHORTEntry break of trendline with stops above the high.
Aiming for the major trendline
Confirmation:
- MACD divergence
- Wedge resistance
