NZD/JPY GOOD SHORT POSITION NZD jpy broke the trend line resistance and market is also back to retest the horizontal resistance 0.75220
rejected from that resistance with a long wick and market now going down to retest the broker resistance turned support which can we see on weekly and daily time frame
look for bearish confirmations and sell with your own money management
patience and discipline are the most important thing to be a successful trader
patience always pays
patience is the key
Nzdjpyshort
NZDJPY_- Sell Bigger Time <<<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. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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NZDJPY: Is the price COLLAPSING under its TRENDLINE?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 :
Since November 2020, the price has been moving following an interesting ascending channel, reaching its main resistance zone at about 75.540 on the 8th of January 2021.
The price then collapsed, bouncing back on its main trendline but not able to reach again the previous level.
It has currently re-testing the trendline and the next price action around that area will be essential to understand a possible breakout.
🔴 Conclusion :
Overall, the NZD is giving us a short opportunity, the market is showing clear signs of weakness and I'm confident to see an upcoming breakout of its trendline.
I'll be waiting for the price reaching the level at about 74.000 before planning my short position on this trade.
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
NZDJPY Short (Sell) Trade Setup IdeaNZD has been showing great strength today and has raced into a fairly strong sell zone. Mind, there is a sell zone much stronger than this at around 75.4 but price has stalled and is reacting at this level. We're looking at price action for opportunities to short .
NZD/JPY SELL OPPORTUNITY NZDJPY was one of the most bullish currency pair of 2020 and market found a strong resistance and went down. now market is back at that supply zone and after confirmation its going down to those Fibonacci mentioned areas down below in coming days.
look for the bearish confirmation on lower time frames and enter sell with your own money management
always remember that
Patience is the key
NZDJPY waiting for shortHi Traders,
This is our view on this cross for the next days.
#NZDJPY
SELL 74.7
SL 74.85
TP 74.27
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Any updates will be given in the comment section below
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Trading Kitchen
NZDJPY - Bearish BiasNZD - BEARISH
1️⃣ Investors digested US president-elect Joe Biden's $1.9 trillion stimulus package.
2️⃣ The risk-off tone undermined the antipodeans.
JPY - BULLISH
1️⃣ Investors focused on President-elect Joe Biden’s announcement of a stimulus package designed to jump-start the US economy.
2️⃣ The Bank of Japan on Thursday maintained its economic assessments on five of the nine regions, however, noted that the economy was in a "severe" situation in many regions, but signs of a pickup have emerged, while Kuroda said earlier in the day that the BOJ will take additional easing steps if necessary.
3️⃣ The negative risk tone boost the safe-havens flow.
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Technical
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We are looking to sell the NZDJPY on SBR + below SMA 50 on the H1 chart.
Wave Correction Bearish Crab PatternNZDJPY WAVE CORRECTION AND BEARISH CRAB PATTERN
We should see a retracement for XYZ correction,
Market Sell Order Set Up.
Sell Entry: (75.188)
Take-Profit: (74.478)
Stop-Loss: (75.694)
Max Risk-Reward: (1.40)
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