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Nzdjpylong

Pin bar on rising support1. The two support levels meet in the same area as a buyers zone 2. Pin bar formed 3. Bollinger band pinned by pin bar on the support 4. Ultra low risk at 60 pips This type of play entails that stops are placed where the trade is deemed invalidated (below the pin bar) and targets should be the next resistance level but at least 2x that of the risk. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (67.950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 68.37 TP2= @ 69.68 TP3= @ 70.30 SL= Break below S2
Long
by ForecastCity
2
KIWI or YEN? (Nzdjpy) Trade SetupAs for now such strong bearish sentiment price broken all s1.2.3 weekly of Pvt point in my 2hrs chart and floating below Pvt point of weekly + monthly (blue line respectively) is a total indication of bearish sentiment. When price reaches and holds around 66.702 (may have chances as knowing this strong bearish sentiment market) which was an older strong support zone ( AOI ) then we have either short or long opportunity from that level. Those who have a bear bias on this pair we have to figure out if coming week RBNZ decides to further ease its monetary policy then Nzdjpy may have chances to break through the Support zone ( AOI ) 66.702 which may bring sell opportunity. For bull bias on the pair, we should be careful if RBNZ wishes to stay unchanged (which consensus indicates us) and the actual is no future cut as the forecast then bounce from this support zone ( AOI ) 66.702 which may bring buy opportunity. Thinks to keep in mind: It's my opinion everything depends on the risk sentiment news releases concerned to yen and kiwi throughout the weekdays. Most of the RBNZ interest rate has already been priced in but we have to stay alert around 24-26 sep so we may see some opportunity around those sensitive periods of time for this pair. Also, be careful we have the Monetary Policy Meeting Minutes of japan on the same day so Kuroda speech may also add up unusual yen momentum and annual inflation (it did matter if) we should figure out if it affects the pair price action or not and protect ourself if any.
by jessi061
NZDJPY ENTERING LONG NOW!!This setup on NDJPY looks like a fantastic long opportunity worth trying to catch a great bunch of pips. 1. Over the last weeks it has been following a downtrend, due to the strength that the JPY undertook, caused by economic uncertainty, US-China conflicts, and the RBNZ even lowering further interest rates. 2. However, since the start of september, we can see how this pair has started to gain strength, recovering from the losses and pushing heavily to the upside. 3. This is due to greater optimism in future US-China coversations, causing JPY to loose that strength it had gained. 4. Technically, looking at this daily chart, we can see how price has been able to break to the upside the monthly resistance (now monthly support). Looking at the 4h chart, price retested this zone before pushing again to the upside, signalling us that price could come back again to retest again that monthly resistance around 72.650 - 74.300. We have a very juicy 1:3.5 risk-reward ratio. Tp: where the next monthly resistance zone starts, around 72.650 Sl: around 68.360 GOOD LUCK!!
Long
by albc
1