Nzdjpybuy
Counter Trend defined... NZDJPY Long trade setupPrice found support @67.5 making a Higher Low on the daily chart. I expect a Higher High from this point forward at least to the next historic Support/Resistance level @70.4 and maybe Price will flourish even higher close to 72.0 hitting the long term Down trend line.
Long setupGood buying position after breakout. if you look at weekly , last week a spinning top was created , usually spinning tops pave way for price reversal inverse head and shoulders on 4hrs breaking out of trend.. going back to weekly , this week we are seeing green positive indication for buying until preferred t.p
NZDJPY Buy SetupGreat buy structure on the NZDJPY. The depth of the correction provides for a tight stop loss and far take profits. If price dives below the red line danger zone we can say that the pattern is invalid. In further investigation you will also find that there is MACD divergence that signals a break out. It may not be long term but if we are correct the move will be fast!
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
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 71.849 where it could potentially react off and up to 1st resistance at 72.567.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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
And still NZDJPY buyNzdjpy is still proving strenght. On the other side, Sellers fade again and again. Next target is potential second target and we're gonna see how sellers will react on this. But for that strong NZD push, I would be scared AF as a seller.
Knowledge is the key
Smart investing is your future
I'm still in buy from previous week.
NZDJPY wait for pullbackNZDJPY Has to Break the pattern Now making a pullback wait till the market
Take their pullback till previous resistance
or you can Take Entry Now as well
1st Targets are 72.436
2nd Targets are 72.671
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Share Our Chart on All Social Media.
Thanks
Adil Khan
Buy NZDJPYNZDJPY broke the Daily resistant (Blue line).
It’s also change the direction from down trend to up trend............
I expect that it will go up.
There is 3 TP label...
After reaching the TP——> 1, close the half of your Lot size... and move stop loss to your entry label.......
And wait for reaching TP —>2 and TP ——> 3.
Good luck