Nzdjpybuy
We are fighting to fall, so we should change our viewMy last ideas about NZDJPY predicted that we need a fall here. When you look on the H4 chart in my last idea (which is linked) you will see, that we had several pushes down to a new "fake" line.
This new "fake" line often gets installed my Market Makers to let us think that it is a strong support, so we don't know what the outcome will be - we have to wait.
Anyway, i change my view from a sell to a buy now. Yes, the other idea is still valid as we could fall in the short term but in the long I see it bullish.
NZDJPY Market Outlook | Daily Forex Market BreakdownNZDJPY
Looking similar to NU pushing up and rejecting off residence nicely. Still a little bit to early to hop into shorts but it is looking really good we could see one or two final pushes to the upside before we roll over and melt down to 70.00 and possibly lower. Definitely on the watchlist for now.
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 69.322 where it could potentially react off and up to 1st resistance at 69.627.
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NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 69.059 where it could potentially react off and up to 1st resistance at 69.675.
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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.
BUY NZDJPYWe recently saw NZDJPY move bearish until it met a crucial point of support which was also the potential Termination point of the bearish move. Price is currently showing bullish potential to move to our target marked at 70.228 . There's a good risk to reward ratio on this trade and stop loss has been marked at 67.216.
Risk no more than 2% of your equity.
Happy trading Week all !