NZD/JPY - ForecastAs you can see NZD/JPY recently broke above the consolidation/Ranging level. and has RETESTED it.
Now we need to see if this was a fake breakout or it will actually continue in Buy.
if it comes back in the consolidation range then it was a fake breakout BUT if it breaks above the previous structure at around 71.950 then it should continue going up till next resistance level which is at around 73.45.
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If you have a better idea or you disagree with me then please let me know in the comments
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Nzdjpyanalysis
NZDJPY short for 100 pipsHi traders,
As you can see this pair has reversed somewhat and currently trading below 50 EMA. We have seen a pullback with a bearish candle which suggest we might see another push down to make a double bottom at least if not more. I have therefore gone short on this and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
NZDJPY Head & Shoulder Pattern For Short TradeNZDJPY has formed head and shoulder pattern after touching to its trend line resistance level as shown in chart. According to chart pattern analysis we might see downside in NZDJPY towards support level. One can initiate short side trade with Risk management system and stop loss
Thank You.
NZD/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
NZD/JPY: Day-Swingtrade-Preparation
Market-Sell: 69,990
Stop-Loss: 70,600
Target 1: 69,390
Target 2: 69,030
Target 3: 68,400
Stop-Loss: 61 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZDJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 70.11. The pair is consolidating in the resistance and support wedges. The pair may start a new uptrend, if it breaks the resistance level at 70.43, likely the pair might consolidate further for some time. If the pair starts a new uptrend after breaking the resistance level, then its first target price will be at 71.61 and the second target price will be at 72.33.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
NZD/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
NZD/JPY: Daytrade-Preparation
Market-Sell:70,190
Stop-Loss: 70,415
Target 1: 69,970
Target 2: 69,857
Target 3: 69,700
Stop-Loss: 22,5 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,22
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 70.24. The pair is consolidating in the ascending triangle resistance and support wedges. The pair may start a new up trend if it breaks the resistance level at 70.43 and it is possible that the pair may continue its consolidation between resistance and support wedges. If the pair starts a new up trend after breaking the resistance level, then its first target price will be at 71.16 and the second target price will be at 71.61.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat
Best Entry Point For NZDJPYNZD - BULLISH
1️⃣ The unemployment rate handily beat the 5.6% forecast coming in at 4.0% and helped to push kiwi to trade well.
2️⃣ Risk-on market sentiment after top Democrats and negotiators from the White House say a deal on a coronavirus stimulus package could be reached by the end of the week and approved as early as the following week.
JPY - BEARISH
1️⃣ The Japanese government plans to decide at a cabinet meeting on Friday to use over 1 trillion Yen from its reserves for responding to the COVID-19 epidemic, after added 1,200 new cases on Tuesday.
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Technical
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📊 We're looking to long NZDJPY on RBS level + SMA50 area.
📊 NZDJPY in bullish zone.
NZDJPY, daily timeframe, Double Top and SHS pattern in playHello my friend,
I noticed some good setup in NZDJPY as price making a potential double top pattern on the daily timeframe.
Taking a deeper look into 4hr timeframe we could see another bearish pattern which is favorable to trade. It is a shs or shoulders head pattern.
I am going to sell NZDJPY as there is 2 bearish patterns in play for this pair.
Also keep in mind there will be NZD datas coming soon in less than 12 hours.
Sell NZDJPY 70.00
Stop loss 70.65
Take profit 1 @69.10
Take profit 2 @68.20
I am selling NZDJPY from 70.00
NZDJPY - 400+ pips swing {SHORT}Looking at weekly chart of the NZDJPY we can see a 78.6% retracement off the drop that started 16 Dec 2019, and we can clearly see a double top formation with the first top formed 8 June 2020 and the second top formed July 2020. On the same weekly chart, drawing our fibs from the impulse move of 15 May 2020 to the 2 tops we can see price is currently slightly above the 23.6%. We want to see a drop in the coming days and weeks down to the 61.8 where the previous broken structure awaiting a retest is found. Our stops are a 100 pips just above the high of both tops for a take profit target of 400pip+
NZDJPYGutted I did not take the AUDJPY trade I called last week...been very busy so not much chance to trade!.
This is what I am looking at for NZDJPY!
I will not be breaking down my charts or be giving in depth reasoning into why I have a bias on a trade. I feel this encourages people to take trades all over the place hoping one will come through because it sounds right! Trust in the process.
Never look to my trades for a signal...I'm not responsible for any of the trades you take.
Have a blessed Sunday!