NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 70.26. The pair is trading in up trend from 26th may after breaking resistance level at 66.10. Altough, the pair has already touched its first target at 67.68 and second target at 69.26. Now the pair has already crossed its second target and entered the resistance zone.
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Nzdjpyidea
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.
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Thank you for your support ;)
GWBFX
NZD/JPY - Price Approaching Supply Zone With Bullish Momentum
Price has made a push past respected resistance @64.758 with strong momentum, indicating a reversal of bearish trend prior
Bullish EMA cross occured, adding confluence to bullish bias
Will wait for a corrective phase before looking to BUY this pair
JXY, Japanese Yen index is showing long term weakness
NZDJPYNZDJPY
Multitimeframe analysis
1D
As we can see on 1Day chart market formed a nice double top pattern at the supply zone and price rejected from it nicely , we can expect to see a major drop in it.
4H
As we can see on 4Hour chart market got rejected from the demand zone , but at the same time market creating a lower low. so, we might see a price rejecting from a trendline in the near future.
1H
As we can see on 1Hour chart market created a Fresh Higher High by breaking the previous Lower high and also market breaked the previous trendline support level. We can expect it to rise till 4H trendline level.
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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDJPY long trade ideaPlan : wait for the price to decelerate and 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDJPY - Ascending Triangle Break-down Sell Opportunity| 1:2 R/R📢NZDJPY 4H - Technical Breakdown
📈Price levels have been respecting the ascending support over the last 3 weeks. The current market price appears to be losing momentum as it tests the overhead resistance at 65.950 for the third time.
📊A break to the down-side breaching the ascending support will present a good risk to reward sell opportunity entering when price levels breach the 50 EMA @ 65.100 for confirmation and looking to take profit around the 63.300 support region just passed the POC (Point of Control) for the visible trading range at 63.811.
NZDJPY long trade ideaPlan : resistance level breakout --> 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDJPY LONG! 4HR! Earlier Idea is Daily, this here is 4Hr-- Not that much of a difference--
59.391- 65.18 is all time Buy-Zone.
Price above 65.18 will be above trend-line (positive territory) not included on chart.
Note: Idea is to complement your research.
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