Nzdjpyshort
NZDJPY Long trade update and short trade planHey guys, here is the trade plan for NZDJPY. As you guys can see we have a resistance level @71.565 and now we just have to wait for the price to come to our sell zone. For trade entry details, please refer to the chart. Let me know in the comment section if you guys have any questions. If you guys like my analysis please hit like and follow. Thanks.
NZDJPY SELL OPTION FOR SWING TRADE.NZDJPY SELL OPTION FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZD/JPY STRUCUTRE SHORT|Hello, fellow traders,
Let's take a look at NZDJPY, that is drawing lower highs moving closer and closer to its current support.
It is reasonable to expect a breakout and then short after the pullback. Targets can be seen on the chart.
The new support is the final target, as it is a new horizontal support area, as can be seen on a cart above.
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Wish you a nice evening!
NZDJPY Possible Bearish ContinuationAfter a strong bearish impulse, NZDJPY has been ranging between two trendlines and may now be ready to continue its bearish push. Ideally, traders should wait for a break and retest of the supportive trendline as price can easily respect the trendline and continue upwards to the resistive trendline. First targets can be placed on the trader's reward goals, and a stop loss based on their risk appetite. The ultimate target is the Key Level (previous resistance now acting as support). Trade reactively and NOT predictively; respect price action.
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NZDJPY SHORT TRADE SETUP FOR SWING TRADE.NZDJPY SHORT TRADE SETUP FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZDJPY SHORT TRADE SETUP FOR SWING TRADE.NZDJPY SHORT TRADE SETUP FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZD/JPY Technical Analysis
The counter has been declining steadily ever since it hit the high of 71.663.
However, it has now found support the levels of 68.226 amid testing it twice.
It has formed a bullish pinbar followed by three white soldiers, which is a powerful reversal signal.
Further, it has crossed the bearish trendline with a strong bullish candle.
Hence, we expect the pair to move to resistance placed around 70.000 level.