NZDJPY Tripple top patternVery very clear tripple top pattern there. We might be going for a long crash ride. Any thoughts leave in the comment section
Nzdjpysell
NZDJPY📉Price is currently testing a long term downtrend resistance. The price action brokeout below the pullback trendline support and it's currently consolidating( ranging) in a rectangular pattern. A break below the range support could lead to further dip.
💡 NZD/JPY 📉👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE will waiting for SELL conformation:
- We have downtrend.
- MACD give us SELL signal.
- Candle close below ASIAN session.
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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
NZD/JPY Technical Analysis
The zone of 71.100-200 proves to be a tough nut for the pair.
Despite multiple attempts, the price is unable to break above it.
Further, the price action has formed an evening action star pattern at the resistance zone.
Hence, we expect the pair to be bearish in the near-term.
NZD/JPY Great Sell OpportunityAs you can see in D1 Chart, NZDJPY did a fake breakout (I Posted about it before) It did not continue up. so now it should continue it's consolidation again and it's next move will be Sell. As you can see it has retested the resistance where the fake breakout occured. it will now most likely head towards the 69.500 Level Now.
Comment if you have an alternate idea.
NZDJPY - BEARISH BIASNZD - BEARISH
1️⃣ Investors were cautious on news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant.
2️⃣ Director General of Health Ashley Bloomfield reported six fresh cases of the novel coronavirus in New Zealand, all of which are linked to the Mt Roskill "mini-cluster."
3️⃣ Manufacturing sales in New Zealand plunged 12.1% year-on-year during the second quarter, posting the largest fall since the series began in 1994.
JPY - BULLISH
1️⃣ Traders sought the safety of haven assets following news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant.
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TECHNICAL
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- We're shorting NZDJPY on SBR level + SMA100 area on H1 chart.
- NZDJPY still in bearish zone.
NzdJpy- False break can lead to a steep dropLast week NzdJpy traded for just one day above 71.50 resistance. The break proved to be a false one and a strong bearish engulfing followed.
Usually, false breaks announce strong reversals and I expect the pair to drop to recent rage support at 69 zone.
Sell trades around 71.50 have a great R:R
Short Position on NZDJPY 4HHello Traders!
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🚀Sell Execution according to the market.
NZDJPY short for 100 pipsHi traders,
As you can see this pair has reversed somewhat and currently trading below 50 EMA. We have seen a pullback with a bearish candle which suggest we might see another push down to make a double bottom at least if not more. I have therefore gone short on this and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
NZDJPY short 1 touch 2 touch 3 touch GO!
1. We have 51 EMA touching and being respected
at 3 points in the Market.
2. Two touch makes a tend line and links all the
highs
Looking for Sell Opportunity, Looking for Entry in
Lower time frame 30 minute chart.
nzdjpy Sell SentimentI took Short Position At The Top Of The Structure And I Believe This Trade Will Go Short. Never The Less We Have To Always Manage Our Risks, FX Is Not A Rich Quick Scheme Stay Safe, And U Can Take That Trade.
NZD/JPY Wave Analysis
The counter is currently formed a flat ABC corrective wave.
It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum.
Hence, we expect the pair to be bearish in the near-term.
NZDJPY, 4hr timeframe, Detailed analysis of SHS/Double TopHello my friends,
This is my more detailed analysis to NZDJPY of my previous post.
Previously i posted about NZDJPY making shoulders head pattern and today price finally closing below 70.00-69.90 support on 4hr timeframe basis.
I tried projecting NZDJPY downward movement using Elliott Wave theory and it is possible price could go down until 68.20-68.30 area
I've sold NZDJPY with 2 positions
1st sell from 70.25
2nd sell from 70.00
For those who haven't entered NZDJPY sell position, you could wait for price to retest around 69.90-70.00 and enter sell there
Sell NZDJPY 69.90
Stop loss 70.65
Take profit 1 @69.10
Take profit 2 @68.30
RR Ratio 1:2
Use proper risk management
Good Luck
NZDJPY - MonitorI am monitoring price here to see what the next move for NZDJPY is, I have illustrated what could potentially happen next if we manage to hold below this structure.
NZD/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
NZD/JPY: Daytrade-Preparation
Market-Sell:70,190
Stop-Loss: 70,415
Target 1: 69,970
Target 2: 69,857
Target 3: 69,700
Stop-Loss: 22,5 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,22
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Peace and good trades
Irasor
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NZDJPY, daily timeframe, Double Top and SHS pattern in playHello my friend,
I noticed some good setup in NZDJPY as price making a potential double top pattern on the daily timeframe.
Taking a deeper look into 4hr timeframe we could see another bearish pattern which is favorable to trade. It is a shs or shoulders head pattern.
I am going to sell NZDJPY as there is 2 bearish patterns in play for this pair.
Also keep in mind there will be NZD datas coming soon in less than 12 hours.
Sell NZDJPY 70.00
Stop loss 70.65
Take profit 1 @69.10
Take profit 2 @68.20
I am selling NZDJPY from 70.00
