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Nzd-jpy

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.
Short
by Anpu
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.
Long
by Anpu
7
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
Long
by ForecastCity
3
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
Long
by ForecastCity
8