NZDJPY W4 FEB 2020• Swing Short Setup
• Continuation bearish chart pattern
• Consolidating between 38.2% and 50.0% Fib Retracement
Nzdjpysell
NZD/JPY : Looking For the Drop in downsideTrade Setup for the Downside, I am expecting a drop in downside as i Forecast.
ThankYou
NZDJPY BEARS STILL ON RALLYOver 300 pips Bagged successfully already, bag still loading up to 2nd target, pullback seem to be over, join the train if you can..
NZDJPY reversed from resistance, potential drop!
NZDJPY reversed off its resistance at 71.250 where it could potentially drop further to 70.787.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDJPY going downHello Traders
NZDJPY reached an important resistance level of 71.20 and filed to break it. It also hit 50 and 200 EMA which acted as resistance. Now the price is going down to the support level of 69.30
Trade at your own risk.
Do your own analysis and be safe!
NZDJPY Sell Enter Around 73-73.100 Area- Overall trend is bearish
- January is generally positive for Yen
Analysis Invalid if 73.2 Broken (Price breaks trendline)
Best place to go shortMarket below 50 and 200 EMA.
Pullback has happened. Trend is to the downside.
Going short now.
Wish you best of luck
do your own analysis
THIS IS ONLY MY OPINION. DO YOUR OWN ANALYSIS
NZDJPY at critical Area, could go either way.In all my previous NZDJPY ideas, I recommended traders to sell NZDJPY. If you followed, you might have made close to 200 pips profit from those.
However, through this analysis, I want to say that NZDJPY could bounce upwards in the coming days.
Today's daily candle might show indications of a trend reversal as this candle has formed at the 100D EMA.
So, if NZDJPY closed around 71.25 today, we could very well see a trend reversal in the coming days.
That being said, if price does manage to break the 71 barrier and manages to stay below it, the next area of importance will be 70.
Ideally, I would keep an eye on today's closing price before executing any further trades.
Will JPY continue to surge?Last week, we opened 2 JPY positions and they closed successfully. Now it is time to decide which way it will go. We believe it will keep going down for the mid-term.
Entry: 72.5
Stop: 73.3
Target: 71.3
Have a nice week! Follow for more.
NZDJPY Sell Trades are still validI mentioned about selling NZDJPY at 73.25 in my previous analysis. As you can see we are already 50 pips down from that point and I believe there is a long way to go.
NZDJPY rally failed at two crucial areas:
1) The 100 Week EMA
2)Descending Trendline Resistance.
In addition to the technical factors, there are other fundamental aspects such a correction in the stock markets can happen very soon which will lead to a sell-off in risky assets like NZD.
So, I will continue to sell NZDJPY in the 72.75-73.50 area with SL above 74.
If the trade goes into profit, we can take profit at 72, 71.30 and 70.02.
NZD/JPY : Rising Wedge Broken in downsideProbabaly that NZDJPY Will test his Prev Swing Low .
Rising Wedge Pattern broken in downsode
I hope will be drop in downside.
NzdJpy- Double top in process of forming?73.30-73.60 zone is strong resistance for NzdJpy and we could be in an early stage of a double top.
As long as the market stays under 73.60 we favor short selling, the first target being 71.25
NZDJPY H&S Head & Shoulders in play. Looking to see if price respect the right shoulder for further downside
NZDJPY - Short Position Price reversed at a strong resistance area and has touched the descending trend-line. Could drop further to 71.769 and below.
NZDJPY touched Weekly Resistance: Potential SELL set-upHello Traders, I would like to present a potential SELL set-up in NZDJPY through this analysis.
As you can see, NZDJPY has touched the Weekly Resistance in the chart. Currently, the price looks overextended and too many positives(US China trade deal,etc) have already been priced in.
So, any kind of risk-off situation can lead to a sharp reversal in price.
Hence, based on BEARISH PRICE ACTION in lower time frames, traders can look for SELL between 73.30-73.80 with SL above 74.15.
TPs can be set at 72, 71.30 and 70.15 respectively.
NZDJPY reversed from resistance, potential drop!
NZDJPY reversed off its resistance at 73.483 where it could potentially drop further to 71.910.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDJPY Market Outlook | Daily Forex Market BreakdownNZDJPY
Looking similar to NZDCAD pushing up into resistance now. Stepping aside for now but it looks like a very nice set up is forming for us.
NZD/JPY SHORT SIGNALSELL NZD/JPY
Entry 1 72.680
Entry 2 72.780
Sl 72843
Tp.1 72.420
Tp.2 72.250
Tp.3 72.040
NZDJPY SELL SETUPSELL SETUP ABOUT NZDJPY
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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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.
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Thank you for your support!
