Nzdjpyanalysis
Wave Correction Bearish Crab PatternNZDJPY WAVE CORRECTION AND BEARISH CRAB PATTERN
We should see a retracement for XYZ correction,
Market Sell Order Set Up.
Sell Entry: (75.188)
Take-Profit: (74.478)
Stop-Loss: (75.694)
Max Risk-Reward: (1.40)
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NZD/JPY BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/JPY: Daytrade-Execution
Market-Buy-Order: 74,200
Stop-Loss: 73,800
Point Of Risk-Reduction: 74,510
Take-Profit: 75,000
Stop-Loss: 23 pips
Risk: 0,5% - 1%
Risk-Reward: 2,10
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NZDJPY Update: Weekly Pullback Has StartedTrend: Uptrend (Weekly), Downtrend (Daily and below)
Key Level: 70.900 - 71.500
Entry Signal: To enter on buys I'll be waiting for price to pullback to the previously broken resistance to retest the level as support.
Since this market is pulling back on the weekly, we can look for short-term sells on the daily timeframe and below.
NZDJPY: Might Take A Huge BEARISH Turn...Looking at the fib lines drawn, we managed to see a nice rejection from 2.618 and 3.618 fib level. As we can see, price level is currently trading near a resistance level @73.35. I will be expecting a bigger movement incoming as today's candle seem like it is testing the resistance level before further movement. I potentially see a good risk to reward for this pair with a TP at approximately 1.618 fib level.
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NZDJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 50 - Dec 07
M > Market was moving in a downward channel, however it broke resistance to the upside last month. Price has tested monthly resistance.
W > We can see W formations but their neck is in the channel that market will have to renter back by breaking its resistance, now as support.
D > Market was making its fresh move in a rising channel but it broke out of that as well to have a false break out above monthly resistance but reversal can be seen with bearish engulfing candle.
As per COT NZD further added few Long but closed Short bringing Long to the highest for the year and net positions to highest for the year, ZXY has gained strength since all of November and closed last week with rejection after testing June 2018 level as resistance. We can expect correction to the downside for NZD. JPY again saw addition of major Long and some Short positions improving net positions to highest in this year. JXY however weakened during the said period and was indecisive last week ending in a Doji. We can expect strengthening of JPY this week.
With weak NZD and strong JPY drop of NZDJPY is a expected.
4H > Price dropped to create a LL and it is now making pull back for a LH, a drop will provide bearish confirmation with a nice Short entry. We will face few demand zones that may pause price on its way down.
Pair Correlation > NZDJPY has positive correlation with NZDUSD, NZDCHF, AUDUSD, NZDCAD, GBPUSD and GBPJPY and negative correlation with GBPNZD and EURNZD.
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AP17FX
NZDJPY Potential Sell SetupNZDJPY is slowing down in Bullish momentum after breaking past previous resistance. At this point there's potential that the market will pullback.
We won't get our confirmation for weekly sells until the upcoming next week's candle closes below the this week's candle. Once that happens, we can look for shorts once we see a break of structure on H4 and aim to take profit at the 72.000 Zone, which was a previous Resistance zone.
A close above this week's weekly candle will invalidate sells and signal there is still bullish momentum in this market.
NZD/JPY could fly SOON!Hey tradomaniacs,
NZD/JPY has formed an S/H/S-Pattern and could break above the Neck-Zone very soon.
If we see a break above we see a confirmed trendchange with the previous break out of the Trendchannel.
I`m watching this pair carefully as JPY-Weeakness seems to continue.
Pre-conditions for long-trade would be overall a risk-on-sentiment in the stockmarket and so a weak US-DOLLAR.
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Irasor
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NZDJPY Swing Trade Long IdeaNZDJPY is at a previous level of strong resistance. If the market can reject this area, we can expect a retracement back to the 71.600 area to test this level as new support. If we can find support at this level, we can expect this market to at minimum test 73.600 again, and if that level of resistance breaks, the next key level in this market is 76.000.
NZD/JPY I SWING ANALYSIS Nov. 29Hello Traders, here's an analysis of this pair. Let us know in the comments section below if you have any questions or share your thoughts!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Brian Kenya Horton, BK Forex Academy
NZD/JPY BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/JPY: Daytrade-Execution
Buy-Stop: 73,090
Stop-Loss: 72,880
Target 1: 73,300
Target 2: 73,450
Target 3: 73,600
Stop-Loss: 21 pips
Risk: 0,5%
Risk-Reward: 2,50
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Peace and good trades
Irasor
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NZDJPY Break and retest cycle will it reach 2020 high ?NZDJPY
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⏳Day chart
🎲 Detailed analysis
⛳️Bullish entry
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Detailed analysis 💬
1️⃣ Notable break and retest happens twice
2️⃣ 71.630 Multi month highs strong support
3️⃣ Positive risk sentiment, Vaccine news
4️⃣ 72.00 Dynamic support and resistance
5️⃣73.600 acted as strong resistance-Key trend reversal area
6️⃣ 70.110 50% Fibonacci will Acted as strong support/Point of control coincidence
7️⃣ Technical support - Bullish
8️⃣ 73.600 will acted as key reversal-bearish
9️⃣ 2020 High will act as alternative bearish entry-Double top formation
🔟 Possible swing target-73.600
#️⃣ Overall long-term trend- Bullish
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📉 Technical bias-Day-Bullish
Price is above 50,100,200 Exponential moving average
50,100 Exponential moving average will act as support-Bullish
Relative strength index - well above 60 - Bullish trend
MACD -Histogram is slowly fading towards red, Oscillators about to cross soon
Stochastic - Reached around 75- overbought condition will give a short term fall back expected
Ichimoku cloud -cloud is still green-Price is well above the cloud
Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected
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Key reversal area's
70.000 psychological level
70.110Point of control area Volume analysis
71.670 June,July,August month highs
69.000 Lower side of the recent consolidation phase
73.000 Major psychological level
73.660 Possible entry- Bear
73.660 Trendline resistance/Alternative Bearish entry
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Bearish entry #yen #kiwi #nzdjpy
Entry price - 72.150
Take profit 01 - 72.800
Take profit 02 - 73.600
🚫 Stop lose 71.200
⬆️ 2.00 Growth expected
⤴️ Account growth 1: 2
✅ Risk reward ratio 1 : 2
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NZDJPY W4 NOV 2020NZDJPY
Long Setup
A clear bullish impulse wave. According to EW Theory, wave 4 is usually a corrective triangle formation. Hence, a 5th wave is anticipated soon as price has already broken out of the triangle to the upside.
Some analysis state that it is a forming a Head and Shoulder pattern, this setup will only be valid once price breaks the neckline of this structure.
NZDJPY Descending Triangle FormationNZDJPY is showing a descending triangle formation at a key area of resistance. When we zoom out to the weekly, we can see the previous weekly candle showed a rejection of this zone and the current weekly candle is showing low bullish momentum. This pair has more potential to breakout to the downside rather than the upside but the market can do whatever it wants. For sells i'll be looking for a break of support and a retest, for buys i'll look for a break and retest of resistance.