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Nzdjpybuy

NZDJPY, 1hr tf, buy setup at the end of wave-ivHello my friends, Today i am gonna buy NZDJPY. Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R. I didn't posted it on tradingview because i was not on my laptop when i took that trade. So instead i will share the buy position today. As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90. Additonally there is 200-EMA at here as well so this place is an area of confluence support. Buy NZDJPY 75.90 Stop loss 75.50 Take profit 77.20 (3.25R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
NZDJPY, daily tf, bulls in control for nowHello my friends, Another setup for next week is NZDJPY pairs. As you can see NZDJPY pretty much bullish since breaking above the 5 months flag pattern. For me, there is still further upside for this pair. The measured objective of that 5 months flag pattern was around 800-900 pips in my opinion. We could see NZDJPY continue to the upside until 76-77 area. Long/Buy positons will be in favor for now and we will only look to buy this pair. As you can see price right now consolidating inside a possible bullish continuation pattern right now. This could be a pennant / flag pattern. We will try taking a buy position at 73.35 area for our first buy position. This 73.35 area is our horizontal support and possibly flag/pennat pattern support. EMA-20 are also located near this area so pretty much it will be an area of confluences. As price continue higher and make another pattern which is favorable for bulls, we will add more positions. Buy limit NZDJPY 73.35 Stop loss 73.00 Take profit 75.65 (6.5 R) RR Ratio 1 : 6.5 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
2
NZDJPY Break and retest cycle will it reach 2020 high ?NZDJPY ********* ⏳Day chart 🎲 Detailed analysis ⛳️Bullish entry —————-❇️——————- 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 —————-❇️——————- 📉 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 —————-✳️——————- 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 —————-✳️——————- 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 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit
2
NZDJPY, 4hr tf, buy on support retest Hello my friends, Another setup for starting November is NZDJPY pairs. Don't forget to check my NZDJCHF post as well If you find my post useful, please give me thumb up and follow me for next update regarding all my positions. After marking my horizontal support and resistance, we continue to mark potential pattern. If we look at the bigger time frame, NZDJPY looks like it is moving inside a sideways channel and we are now exactly on support. The support i pay a close attention to is 69.00 as this is an area of confluences. A lot of support meet here so buyers might want to try defending this area. I am going to try buying NZDJPY at 69.00 as that is the exact point where so many support meets. Buy NZDJPY 69.00 Stop loss 68.55 Take profit 1 at 69.90 (2R) Take profit 2 at 71.30 (5.2R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
2