Nzdjpyanalysis
NZDJPY Analysis and Trade Idea... short-to-long!NZDJPY has been one of the strongest currencies for the last several days, while the JPY has been one of the weakest. This may change come with BoJ news on Monday. Rates may stay the same, but just be aware.
Price made a HH, and with a RTI (return to impulse) expected, we can short to the expected HL. There, we can take the more significant swing trade for a long position to the next HH.
The Short-to-Long, if you will.
NZDJPY key reversal bar dictation for weakness ahead for 80.05#nzdjpy, jpy quite weak since last few weeks, 21st daily bar is key reversal bar mostly jpy pairs. this is early indication for jpy strength while trend is still weak in jpy. 21st daily bar dictating correction in jpy pairs. short nzdjpy with two levels mentioned in chart by dividing risk equally on both. target 80.05
NZDJPYBullish Indicators:
1) Bounced from the upward trendline
2) Support zone at 76.5
3) Bounce from FIb level 50.00% (76.108)
Bearish Indicators:
1) Resistance from the downward trendline and zone at 78
Plan A: One can buy from here for the target 77.7 or towards the downward trendline
Plan B: On the breaking of ascending trendline one can sell for the target of 76.1 where the major support lies.
NZD/JPY SELL IDEAHey tradomaniacs,
NASDAQ100: Daytrade-Preparation
Market-Sell: 77.140
Stop-Loss: 76.860
Point of Risk-Reduction: 76.660
Take-Profit: 75.800
Stop-Loss: 27 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
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Peace and good trades
Irasor
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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,
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nzdjpy longif we look on the daily chart it look like invented head and shoulder patern, the price is currently on the demand area and 50% of fibonacci retracement which has moving price upward once (marked with number 4) and now the price is rejected upward from the same demand area on the 4 hours chart, the price close below trendline and moving up again and close above it, and its look like an invented head and shoulders pattern. so, we expect the price will go continue moving upward.
for another reference you can check on the link below. thank you.
Sell NZDJPYNZDJPY has respected the resistance level of 77.921 and moving back to our support on 76.400
Reason for trade : A Doji has formed on the 4 hour time frame and also respected the level which gives me the confirmation for a down trend
tp: 76.400
sl:78.130
Use proper risk management when trading
I always use risk ratio of 3:1 win 3 and loss 1
Remember that trading is a patience game
NZDJPY ANALYSISNZDJPY is approaching a support that is also the 0.618 fib level of it’s recent impulse, if price tests this support and closes above we can expect a nice long to at least the 77.5 levels. If price manages to close below the support and break it we could see a second test of the 74.5 support. Wait for the market to test this support and react.
NZDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.