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Nzdjpybuy

NZD/JPY Time to Rise? - Ichimoku Swing Trade SetupThis pair had a solid kumo breakout last week and I am looking to hop on what could potentially be a longer term trend move. I am looking for a slight drawback to support for a springboard up and my entry point. I am targeting the major price structure level I've labeled as well as another past level as my overall target. As long as this trend holds I will hold some portion of my original entry open (while in profit), and look for new places to entry on the way to the longer term target. If we fail to maintain a bullish trend or our confirmations change, this setup may become invalidated.
Long
by The808Trader
Analysis of NZDJPY 22.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 67.50 • Take Profit Level: 66.50 (100 pips) If the price rebound from a support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 68.50 • Take Profit Level: 69.00 (50 pips) USDCHF A possible long position at the breakout of the level 0.9830 USDJPY A possible short position in the breakdown of the level 106.20 EURUSD A possible short position in the breakdown of the level 1.1065 GBPUSD A possible short position in the breakdown of the level 1.2100
by PaxForex
Kiwi Yen looking bullish (40 pip intra move)Bullish Shark Setup: Long NZDJPY Daily and 1Hour Bullish Reasoning: -reaction off of the daily bullish trendline -price cleared previous support, which should become support again Entry Trigger: Aggressive- Limit order at 72.46 Conservative- Buy a bullish harmonic on the 1-5 minute timeframe if we get a pullback -Today's largest amount of volume occurred at 72.46 (bullish market movers) They should push price up when it approaches again. stop loss reasoning: You could put your stop around 72.30 below the swing low, but i am more aggressive and i will be using a 10 pip stop and i'll use that second volume node i have labeled as my last line of defense take profit reasoning: that is where the most amount of BEARISH transactions occured because price when sideways as banks built positions then they moved it downward, the reversal zone for the shark to switch into a 5-0 is also right at that price point as well. 72.80. I believe this trend is getting tired of going up so my TP is conservative here, if entry is triggered and price makes a new high i will move to break even. -Peace, Love , and Profits
Long
by elevatedinvestor