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Nzdjpyanalysis

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+
Short
by mariobillz7
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!
Long
by XHRISTIE
NZDJPY - BEARISH BIAS#NZD - Bearish Mode Recap: 1️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government. 2️⃣ Negative performance was driven mainly by global risk sentiment moves. Review: 1️⃣ It’s another quiet week ahead on the economic calendar. Away from the numbers, private sector PMIs from China, COVID-19, and geopolitics will remain in focus. ===== #JPY - Bullish Mode Recap: 1️⃣ A weakening U.S Dollar stemming from the progress towards a COVID-19 vaccine supported the Yen. Also, this currency had been supported by risk aversion sentiment due to US-China tensions. Review: 1️⃣ Progress towards a COVID-19 vaccine would pin back any upside in the Yen. Support could come from the U.S administration, however.
Short
by MonsunAsia
NZD/JPY Bulls Rejecting BearsGood day, snipers. Here in the NZD/JPY, we can see an overall uptrend so I would only be looking for longs. Next is the long term support zone on the weekly time frame, combined with the short term support zone on the hourly time frame, and also in unison with the 50 Fib Level. Descent risk : reward ratio while risking only 10 pips. If price makes a lower low, I am out with -10 pips. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Long
by SniperFXFree
4
NZDJPY long trade ideaPlan: 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. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1