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Nzdjpyshort

NZDJPY pre-market analysisIt's been a while since I've published anything, so here we go! At the last week's close, price seemed to reverse upwards, so I need to find where it's going to end up. I identified a downward trendline, and it crosses near the level that's associated with a prior consolidation period, so most would say that there's some sort of confluence going on here. We now make a hypothetical trade, taking a recent high as SL, and the lower level of that side-ways move as TP. And it has a lower than 1RR, which indicates that this trade is risky. When a trade's risky, price will often move to its SL, right? Which leads us to the next step, which is moving our entry to match the previous SL I hope that the market will drop after it has stopped out the people who took the 1st trade. But I do have another setup in case that fails as well. The rest of my thoughts are on the chart above for you guys to see. Happy trading.
Short
by NhatHoang123
NZDJPY - BEARISH BIASNZD - BEARISH 1️⃣ Investors were cautious on news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant. 2️⃣ Director General of Health Ashley Bloomfield reported six fresh cases of the novel coronavirus in New Zealand, all of which are linked to the Mt Roskill "mini-cluster." 3️⃣ Manufacturing sales in New Zealand plunged 12.1% year-on-year during the second quarter, posting the largest fall since the series began in 1994. JPY - BULLISH 1️⃣ Traders sought the safety of haven assets following news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant. ===== TECHNICAL ===== - We're shorting NZDJPY on SBR level + SMA100 area on H1 chart. - NZDJPY still in bearish zone.
Short
by MonsunAsia
1
NZDJPY simple price-action trade ideaEntry @70.952 SL @71.065 TP1 @70.25 TP2 @69.877 Oh, and did you know that it's literally 12 am in my place? I didn't stay up all night just looking at charts, I watched a couple of gaming live-streams here and there. Since I am kinda exhausted right now, how 'bout I keep things a bit short. Analysis details are all there for you to see. 6R trade, never successfully made one before, and that's just the TP1. Let's see what happens! Good night!
Short
by NhatHoang123
NZDJPY D, multiple hits to support and resistance zone!Take a look to the left and you will see that price has made multiple hits to this Daily support and resistance zone. If price comes back to this zone, drop to a a lower time frame and monitor for a reversal pattern to form before entering a sell. However, if price decides to break through this support and resistance zone, this can indicate that price wants to continue its bullish momentum. Wait for a retest before entering a buy.
by iamarielle_868
NZDJPY 69.297 + 0.18 % SHORT IDEA * CONTINUATION PATTERNS Good Day Everyone Here's on eon the NZDJPY pair the pair has been in a down trend and broke a relatively strong support now resistance pushed up to retest this level which could possibly signal continuation with the bears. a break above the resistance level will change the whole trading plan lets's see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 68.90 TP 2 - 68.57 SL - 96.50 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu