Nzdjpyanalysis
NZDJPY ready to take offHi traders,
As you can see the price action is at a very crucial point. Strong support followed by a strong trend line which has been respected for quite some time now. We can also sign of rejection and bullish divergence. It all adds to the fact that we should see an upside push very soon.
Please let me know your thought.
Trade safe and use proper risk management.
Good luck.
NZDJPY LONG - Buy Entry - H4 ChartNZDJPY LONG - Buy Entry - H4 Chart
Symbol: NZDJPY
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 79.650
Take Profit: 81.957
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
NZD/JPY Multi-Timeframe analysis - update !!!Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
NZD/JPY BUY ......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
NzdJpy- Entering buy zoneSince 20th August, NzdJpy is in an uptrend rising around 800 pips and also breaking above the neckline of an H&S pattern
In the last trading month, the pair has started to correct and I believe we are close to resuming the uptrend.
At this moment NzdJpy is entering a strong buy zone marked buy old horizontal supports and 50% Fibo for the last leg up
Losses from this moment are limited in my opinion and a buy trade in this zone also could have a nice R:R if we target the previous high
I'm looking to buy
NZDJPY short term retracement and longterm buyOn the Global Interest rates, NZD is rating very high compared to JPY with a 0.600% difference. This means NZDJPY is and has been on an uptrend.
On the technical analysis, this pair has been on a strong uptrend since March 2020 and went ahead to break the HIGH OF the YEAR 2019 early this year.
Currently, the price is on the HIGH OF the YEAR 2018 and this being a significant level we expect the price to retrace before the uptrend continues dominating.
For now, it's not best to catch the bear pips but rather look forward to the best possible entry for a long-term buy move.
I have set two possible levels 80.338 and 79.000 which are the possible buy entries.
Follow for updates on this pair
nzdjpyNZDJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further NZD weakness & JPY strength = NZDJPY SHORT
What are we waiting for to happen?
- waiting for the next correction to enter NZDJPY shorts
- possible retest of EMA
What is our confirmation?
- Retest of 4H EMA
- break of WFB once created
Entry
SAFE Entry: Rejection of 4H EMA and WFB once created
Risk Entry 1: Rejection of 4H EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 79
- Second TP: 77.4
- Third TP: 75
NZDJPY Mixed Bias AnalysisNZDJPY still a valid buys on 4H structure bias and will see if the 81.000 level holds. But there is also a 1H downside structure shift and will see if the momentum gets in for the sells on the break of 81.000 level and retest for the targets of 100 Pips ( 80.000 ) as the prices have took a nice retracement from 79% fib level in the Asian session.
All depends on the Price Action. So a wait and see with alerts on is what needed