Nzdjpyshort
HELLO TRADERS THIS IS MY IDEA ABOUT NZD/JPY 4H TIME FRAMEhello traders, here is the nzd/jpy going up badly.
if you have any ideas, don't forget to comment here.
NZDJPY: Might Take A Huge BEARISH Turn...Looking at the fib lines drawn, we managed to see a nice rejection from 2.618 and 3.618 fib level. As we can see, price level is currently trading near a resistance level @73.35. I will be expecting a bigger movement incoming as today's candle seem like it is testing the resistance level before further movement. I potentially see a good risk to reward for this pair with a TP at approximately 1.618 fib level.
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NZDJPY - Bearish BiasNZD - BEARISH
1️⃣ The risk-off tone weighing on the NZD, as renewed concerns over the performance of the US economy following Friday’s disappointing Nonfarm Payrolls coupled with the persistent lack of solid progress in the Brexit talks.
JPY - BULLISH
1️⃣ The risk aversion sentiment boosting the JPY.
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Technical
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We are looking to sell the NZDJPY below the resistance of 73.300 + below SMA 50 on the H1 chart.
NZDJPY Bearish Daily Outlook LONGTERM OVERVIEW: Bearish.
- Price is at significant daily resistance level
- Both RSI and MACD showing bearish div since April - Should price break below rising support, it will complete H&S pattern driving it down to the .61 Fib
- MACD and RSI showing bearish Div since April
Alternate View: Bullish should price break above and find support at 74.000 Resistance level.
HOW TO TRADE:
- Look for bearish opportunities at breaks and
retests of major resistance levels on 4hr/1hr timeframes.
- Watch for break of major rising support line to
confirm further downside. and complete H&S pattern
NZDJPY SELLThis is NZDJPY 4H timeframe analysis, i'm expecting the market to start selling from where it is at a moment.
Forex Forecasts: Downward corrective wave on NZDJPYThe NEW ZEALAND DOLLAR / JAPANESE YEN pair is moving inside a right triangle and thus the possibility of a Downward corrective wave, in case the lower bound of the triangle is broken and the uptrend at the point of 72.88 is a selling opportunity towards the target of 71.53.
And about the buying scenario, it begins with a penetration of the upper side of the triangle and the point 73.28.
nzdjpy sellhi traders,
price is at the top of channel now on 4H. also made a bearish flag on the 15m timeframe,
price should head down
NZDJPY - Big short sell opportunity almost readyLike I said before i’m anticipating for a big bearish move on NJ when it reached the top of daily ascending channel. However, as I said, we must never take any short trade blindly but to wait for the market to give us any confirmation because the price reach this area in impulsive leg.
After that, thir pair continue to move upside seems like breaking the ascending channel structure. However, I never changed my bias and still looking for a short sell entry. I’m already anticipating this kind of fake move because it’s a typical market nature to catch people on the wrong side.
Now, that the price has broken back into the channel, the probabilty of this pair will go lower have become higher in my opinion. I will now just anticipating the price to form a corrective structure. In high probability area like this, even small corrective structure
Any break from any bearish continuation pattern now will trigger my short sell entry with sl above the corrective structure with target up to the low of the descending channel and can even go lower depending on how the market reach that area.
Massive reward available in front of us,. Lets see if we can capitalize it or not now...
Good Luck
NZDJPY will give us a short signal after short term uptrendWe expect a move up in the NZDJPY following a correction... wait and see if it goes on.
NZDJPY- SHORT
ALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
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==> PLEASE TAKE NOTE!! DO NOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION
FX:NZDJPY
NZD/JPY New Analysis 1:5 Risk RewardThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
nzd/jpy sellprice has reached top of channel and now shown rejection, i expect price to drop to 0.618 fib region
NZDJPY: Retracement Movement Happening...What to look out for???We managed to see 71.20 resistance level being broken with price level now moving within a new phase. The next strong resistance level for NZDJPY will be 73.28 price level. However, for a test to this level, I will be expecting BULLISH strength to build up.
Is this BULLISH breakout confirmed?
As of now, it will relies on further price movement. I will be looking for a retracement to the broken zone, which is also the 38.2 fib level. If we managed to see a rejection from 38.2-50.0 fib level, we can confirm that BULLISH continuation will occur. If a BEARISH continuation move price level beyond that point we will still respect the old support and resistance level. For now, I will open a short position till 38.2 fib level before deciding the further movement for NZDJPY. I will update again once price level moves closer to that zone.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
