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
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Good luck
Nzd-jpy
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
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (72.65). 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 32.
Take Profits:
TP1= @ 71.75
TP2= @ 71.47
TP3= @ 70.00
SL: Break Above R2
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (72.65). 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 32.
Take Profits:
TP1= @ 71.75
TP2= @ 71.47
TP3= @ 70.00
SL: Break Above R2
NZDJPY - Buying DipsBuy at 72.65
The medium term bias remains bullish
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing
Bespoke support is located at 72.65
Further upside is expected although we prefer to buy into dips close to the 72.65 level
Expect trading to remain mixed and volatile
Stop: 72.30
Target 1: 73.85
Target 2: 74.50