Nzd-jpy
Nzdjpy might have more pull back with rejection here...
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NZDJPY LongNice expanding flag. Wait for price to reach the 78-88%. price should be in ABC corrective phase. It should be in wave C. If the ABC correct will reverse with this pattern it likes to reach the 78-88% and sometimes 100% or slightly more then reverse. For extra confirmation be very patient and wait for the W/double bottom to form or an inverse head and shoulders. The W/inverse should be proportional to the flag pattern. Avoid taking tiny reversal patterns.
💡 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
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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 (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!
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💎 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 ❤️
NZDJPY a move to the 74 level ? 🦐NZDJPY on the daily chart after the last impulse couldn't make new highs.
The price after the first bearish leg bounces over minor support, touch the 0.382 Fibonacci level and now look for the break of it.
According to Plancton's strategy, if the conditions will be satisfied, 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.
NZDJPY £££ buy BUY!! NzdJpy is in a general upward trend as demonstrated with my 3 trendines, with that in mind, price has broke through a supply zone which is not a demand zone, price retesting this zone in confluence with the aggressive upward trend and engulfing candlesticks within the zone we can only conclude that price will continue upwards for 139 pips
💡 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
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💎 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 ❤️
💡 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 ❤️
POTENTIAL LONG ON NZDJPY!Hey traders,
Hope you all had a great Christmas.
Right now NZDJPY is currently breaking resistance, If the 4h candle closes above this area, we can expect price to move higher giving us a good long position. I will be risking 1% and looking for a 3% return.
If you wish to use this idea, please enter at your own risk and use good risk management.
If you find this idea helpful...
Please feel free to like👍
Follow for more ideas❤
Drop a comment below on what you think of this trade🗨
Good luck on your trades.
NZDJPY on a monthly support 🦐NZDJPY is currently testing a. monthly support.
The price after the attempt to break below retested the minor resistance and now trying again to break below.
IF the market will manage to break below the 73 area, we will set a nice short order according to Plancton' strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NZDJPY on a new impulse 🦐NZDJPY after the break above the monthly structure at 73.150 went for a test of the recent highs at the 74 level.
The market retraced inside a minor descending channel and after the break of it is testing the previous resistance.
IF the market will break and close above we will set a nice long order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Triangle I NZDJPYThe triangle is one of the main figures in technical analysis.
And it is also one of the figures with the highest success.
That is why we are happy when we have the opportunity to trade it.
Today we have such an opportunity again. This time at NZDJPY!
We are waiting for a break to make an entry!
Resistance levels:
74.11
74.29
The script fails when the previous bottom breaks.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment! comments!
NZD JPY SELL (NEW ZEALAND DOLLAR - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its direction.
These are the fundamental reasons for a possible NZD/JPY bearish scenario:
Sentiment shifts:
Bearish scenario:
A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no deal by EU summit.
In this scenario we would expect to see downside in equities across the board, with US equities expected to fall more if we see US stimulus talks break down and more downside for EU equities if we see Brexit talks collapse and upside in the yen across the board.
Strong equity sell offs are usually accompanied with some support for the US dollar as the world’s reserve currency and with its safe haven status as well as Japanese yen and Swiss franc .
NZDJPY on a range 🦐NZDJPY on the 4h chart is ranging between the monthly support and the 74 level.
The price will possibly test the support at 73.700 area before starting a new impulse.
IF the price will break above the resistance area we will set a nice long order according to PLancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.