Nzd-jpy
NZDJPY - A little correction before another dropAs we can see we have divergence and also we need to test resistance before droping lower.
Nzd Jpy Long ---based on indices rebound if it comesyou will be stopped out if indices take another dump, so its risky play
NZD/JPY Bearish Scenario by ThinkingAntsOk4H CHART EXPLANATION:
🔸 Price is on a downtrend after being rejected at the Resistance Zone.
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🔸 For the last weeks, it has been on a consolidative move, which we were waiting to be broken.
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🔸 The breakout was to the downside, so, we consider it has potential to reach the Support Zone.
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🔸 We are waiting for a lower timeframe corrective move to consider short positions.
DAILY CHART ANALYSIS:
NZDJPY LONG TRADENZDJPY respected demand zone at level 70.00
Price is above HVN at level 69.57 which indicates that pair is in accumulation phase
Price broke minor downtrendline
Above SMA 100 on H1 frame
RSI making higher lows
It's expected to target first key level at 71.30
then target major downtrendline at level 72.75
NZDJPY Analysis in 1H 4H 1D and 1WOn the D1 chart it is entering a bearish trend by the MACD
The RSI + STOCH in D1 is indicating a notable decline
NZD/JPY Two Possible Scenarios by ThinkingAntsOk4H CHART EXPLANATION:
- Price is on a downtrend after bouncing at the Resistance Zone.
- It has now found Support at 70.00.
- We have two possible scenarios here.
- The long view, will be activated in case the Descending Trendline is broken to the upside.
- The short view, will be activated in case the Descending Trendline can not be broken.
- Will wait for price action confirmations before taking any position.
DAILY CHART ANALYSIS:
NZDJPYLooking at this pair it is reaching a sensitive region we could either see a bounce, break or go into consolidation, we shall be patient before acting upon this trade and let Price Action show us what it wants to do, (NO FANCY SH*T, BASIC PRICE ACTION!)
NZDJPY | Rejected by Ichi CloudPlease support this idea with LIKE if you find it useful.
Reason for a Short Position: Price made a breakout of the channel to downward with a breakaway gap. Currently price was rejected by Ichimoku Cloud resistance and Pivot point.
⚠️Always use Stop-Losses in your trades! (little recommendation - Choose your Stop-Loss in the way to get 1/3 Risk Reward ratio at least.)
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
NZDJPY LONG TRADEDouble bottom pattern appeared on NZDJPY pair
Price broke key level and neckline at level 71.30
Broke downtrendline
Above Moving Average 100
MACD shows strong bullish momentum
It's expected to target first HVN at level 72.12 then continue going up towards supply zone at level 73.33
NZDJPY | Double BottomPlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 71.143
TP1 - 71.733
TP2 - 72.159
TP3 - 72.422
TP4 - 72.686
TP5 - 72.148
SL - 70.952
Reason: Price formed Double Bottom. Also broke resistance trendline.
-Please consider to initiate a position on a confirmed breakout of 61.8% Fib level
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
NZDJPY SELLIf the graph is as expected, it is on a downward trend.
Gained an upward momentum to go back down and hit our support / resistance line again
MACD crossing its line the chart will enter a downward trend
NZDJPY buy signal op [50pips]
ENTRY: 71.230+-
TP: 71.530
TP2: 71.730
SL: 70.930
Chart time frame - 1D
Time for reaching TP - 1-2D
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All best!
NZD/JPY bear on 30min4th trade of the month on the 30 min TF, My bias and strategy says bear.
stats thus far:
1)EUR/USD- Winner (+2R)
2)GBP/NZD- Loser (1st attempt) (-R)
3)GBP/NZD-Loser (2nd attempt) (-R)
4) NZD/JPY-
NZDJPY: a closer look Hi all...
this is a closer look of the idea I published before, of a short setup and as obvious, the price broke out from a triangle chart pattern which indicated that this is the best time/place to sell
more info about my targets for this trade here
Don't forget to leave a LIKE
Check my idea's here: www.tradingview.com
follow me to get the latest analysis daily
thank you
Good luck
NZDJPY ShortHere I will wait for the price to retest a local small resistance @71.230 or the bottom of the double tops @71.657 and then sell
tagets are
TP(1): 70.472
TP(2): 69.865
TP(3): 69.0
a stop-loss will be 72.127
Don't forget to leave a LIKE
Check my idea's here: www.tradingview.com
follow me to get the latest analysis daily
thank you
Good luck
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (70.60). 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 60.
Take Profits:
TP1= @ 71.60
TP2= @ 72.30
TP3= @ 73.35
SL= Break below S2
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (70.60). 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 60.
Take Profits:
TP1= @ 71.60
TP2= @ 72.30
TP3= @ 73.35
SL= Break below S2
NZDJPY Sell Enter Around 73-73.100 Area- Overall trend is bearish
- January is generally positive for Yen
Analysis Invalid if 73.2 Broken (Price breaks trendline)
what i seeaccordingly to daily reactions , we'll have a good short term, of crs after this amendmant we'll go to own it
Will JPY continue to surge?Last week, we opened 2 JPY positions and they closed successfully. Now it is time to decide which way it will go. We believe it will keep going down for the mid-term.
Entry: 72.5
Stop: 73.3
Target: 71.3
Have a nice week! Follow for more.
NZDJPY Bouncing off weekly trendline Todays friday so not alot of volume to be expected JPY news at 430 am EST
As Always...
Wait for confirmation
Use proper Risk Management
