NZDJPY | Important Zone NZDJPY is all ready to give a breakout from a consolidation box. We are expecting bulls will push the price to new highs because the consolidation is almost a month long.
Alternatively, if it fails to give a breakout .. it will continue this consolidation and we need to wait for breakout.
Trade your levels accordingly.
Nzdjpyshort
NZD/JPY SELL IDEA
Hey tradomaniacs,
welcome to a new free trading-setup!
NZD/JPY: Daytrade-Execution
Notice: Alternative setup! Keep risk low as market makes partially no sense in terms of correlations.
Sell-Stop-Order: 76.240
Stop-Loss: 76.380
Point of Risk-Reduction: 76.050
Take-Profit: 75.680
Stop-Loss: 14 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
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Peace and good trades
Irasor
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Trading Idea Regarding NZDJPYThis pair is going bearish for the rest of the week
1-If we look weekly time frame its clear that this pair ended its corrective move so we expect another impulse move to the downside( i will post weekly chart in comment kindly check it out if you want)
2-Descending Triangle Chart Pattern
NZDJPY - BOTH POSSIBILITY HERE #NZDJPY Weekly
Here is in Weekly Chart Both Possibilities Available
In Bullish Channel H&S Pattern Making a nice Opportunity for Seller if Neckline is Break
if There is any Rejection because of Bullish Channel Then Again Moving to Up
Entering in Trade After Confirmation.
NZDJPYTwo possibilities:
1: We could see price come into the green zone and react downwards from there since we have a break of structure and rejection signs.
2: The liquidity sat above the highs could be taken and then we could see price start to distribute, once we see a clear rejection and break of structure pattern forming we can take a sell entry from there.
NZDJPY ready to short?Looks like a good area for shorts - lower time frame confirmation needed but with the major swing and retracement at the 50% level with a decent looking Supply zone on offer there's a good chance price could turn here.
This is not a signal to short we don't know if this supply will hold so don't blindly sell expecting it to go down, look for lower time frame analysis to show that price is starting to move in the same way as the higher timeframe.
Trade Safe :)
NZDJPY shortHey traders, in the coming week we are monitoring NZDJPY for a selling opportunity around 78 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NzdJpy can fall from resistanceSince October's high, NzdJpy has started a downtrend, at least in the medium term and after finding support in the 76 zone, the pair rebounded and has started to trade in a range.
Now we are in the resistance zone of this range, and a fall could follow.
A rise above 78.70 would negate this scenario and bears can have as target 75 zone
Also, a drop under 76 would confirm an H&S, and the long term target for this pattern is 70