Nzdjpysell
NZDJPY FALL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity NZDJPY .
I still did my best and this is the most likely count for me at the moment.
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NZD/JPY short opportunityHy traders
I hope you had a nice weekend so that we can start the new trading week calmly and evenly.
After retesting the double top , I expect the downward trend to continue!
Look for reversal formations in LTF
S/L and targets can be found in the chart.
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Dyor and trade save, things can change!
NZDJPY – Taking a short sell entry hereNZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday.
This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio).
A convincing break below that level will open a long term sell opportunity with target still remain to be seen.
For now, lets see how will the price develop. Good Luck.
NZDJPY, 4hr tf, rising wedge breakoutHello my friends,
Another plan for today is NZDJPY pairs.
As you can see, there is a rising wedge pattern and price broke below the support in a clean way
After price broke below the rising wedge support, an inside bar candlestick pattern also occurs and the next candle validate further downside.
In my opinion we could see price drops towad 75.05-00 area which is the low of rising wedge pattern.
I already sold this pair from 75.65 and wanna share with you guys all my trade plan.
Sell NZDJPY 75.65-60
Stop loss 76.85
Take profit 75.05 (3R)
Use only 1-2% risk
Good luck