Get started

Nzdjpyshort

NZD/JPY Trading in Upward Channel.Hello traders, NZD/JPY is trading at 76.24. The price is trading in upward resistance and support channel and rebounding back from its resistance level. As the price has already rebound back from its resistance level, if it breaks 76.21 price level it can touch support level. So, the entry price for short will be 76.21 first target will be at 75.81 and second target at 75.20. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
NZD/JPY Sell opportunity nzd jpy was one of the most bullish pair of 2020.as we can see on higher time frame its over bought and going to complete the w formation of price axction as we see on H4 than market broke the strong trend line resistance and tried multiple times to broke but rejected. now market going back to strong demand zone of 74.000 as per Fibonacci retracemnt golden ratios look for bearish confirmation on lower time frames and enter short with your own money management patience with discipline can do the magic patience is the key
Short
by Hamaitifx
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
Short
by HayatoDragonFX
3
NZDJPY: An upcoming TREND CORRECTION!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/JPY ⚪ Technical Analysis : On the 18th of January 2021, the price bounced on its wedge's trendline, getting a strong bullish impulse. Once it broke the daily S/R zone at about 74.500 and re-tested the dynamic trendline, the price moved up until its wedge dynamic resistance line. It is currently re-testing the same level and the next price action will be essetial to understand the next market movement. 🔴 Conclusion : In the h4 and daily perspective, the price is clearly following a constant uptrend and it has currently reached the dynamic resistance of its wedge pattern, I'm confident to see an upcoming trend correction until its support zone at about 74.600. I'll be waiting for a proper rejection on the current level before planning my short position on this trade. A possible entry point on this trade could be the level at about 75.450 (place an alert and keep this pair in your watchlist!). Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
30
Unsustained Breakout Failure Play on NZDJPYSee Signposts for key price action details. 75.5 level unlikely to hold supported. Payoff is greater on the downside as level looks to invalidate. Position size reduced as this is counter-fundamentals NZD is a relatively stronger currency as new Zealand's Q4 unemployment hints at V-shape recovery potential. On the other hand, Japan is one of three countries at risk of a double-dip recession. While all central banks are looking to keep their currencies at relatively lower values, this will be more so the case with BOJ.
Short
by FinancialGamblR
2