NZD-JPY crawling back to 75.000 where bears are ready to pounce.NZD-JPY crawling back to 75.000 where bears are ready to pounce.
Nzd-jpy
NZDJPY INTRADAY - Bearish BreakoutExpect next major support to be tested.
Price may retest breakout point, which would be optimal entry.
NZDJPY TRADE IDEA50% of the big bearish engulfing candle has been hit 3 times
Strong price reversal zone marked out at 50% of the bullish engulfing candle
So we could see a retest of that zone to break to the upside which would be an MA bounce and could give us 2 entries/stack zones
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.2). 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 68.
Take Profits:
TP1= @ 75.88
TP2= @ 76.20
TP3= @ 76.65
SL= @ 74.73
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.2). 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 68.
Take Profits:
TP1= @ 75.88
TP2= @ 76.20
TP3= @ 76.65
SL= @ 74.73
NZD/JPY BUYHi All ,
Opening a buy on this pair .
Price label on entry and SL and TPs.
as always SL to entry .
Many Thanks.
NZDJPY Approaching Resistance, Prepare For A Reversal
NZDJPY is approaching its resistance at 75.524 (61.8%% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 74.849(100% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
NZD JPY Long as long as channel holds Is this the start of a shadow channel
a channel that trends below the major level
These are fun to trade and profitable the next few days will confirm
In the meantime we shall stay long until we have a break
NZD/JPY SHORT & BEAR PLAY NZD/JPY has been on three months ascending channel but luck ran out for the bulls as the market broke out of the channel after meeting strong monthly resistance, the market broke out and retested with a long bearish candle on the daily TF with the 200 EMA crossover to the downside. Reasons for shorting this pair;
1. Ascending Channel Break
2. A retest of the channel
3. 200 EMA cross over to the downside
SHORT NZDJPY Approaching Resistance, Potential Reversal!NZDJPY is approaching its resistance at 75.44(61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback resistance) where it could reverse down to its support at 74.92 (61.8% Fibonacci retracement , horizontal overlap support).
Stochastic (21, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY Approaching Resistance, Potential Reversal!NZDJPY is approaching its resistance at 75.44(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could reverse down to its support at 74.92 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (21, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Nzd jpy short :)Hello
Trend been broken and will re-test it and going down towards 38 fibo after reaching 61 fibo
Keep it simple
NZDJPY - LongKeep an eye out for this pair, possible opportunity to go long. Wait for confirmation on the majors, and on the candle sticks.
NZDJPY at the bears table againAfter the loss on that pair from my analysis of March 16 2019, the pair moved in the direction expected. It has retraced form the low at 75.460 and is now retesting 76.000 zone.
That zone used to act as support and now is turned into resistance. if the pair fail to break the resistance, I see it make a new bearish leg to 75.150 - 75.300.
Safe Trading!
NZDJPY Potential ShortResistance found around 76.300 Region , Respecting the Resistance with a retest of the high's.
A Break of the weekly trendline will indicate a powerfull move to 75.000.
Stoploss can be placed higher to around 76.5-76.7 to have a more breathing room for your trade.
