NZDJPY NEW ANALYSISHi Traders, here is the full Update Analysis / Breakdown for NZDJPY.
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
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Nzdjpyshort
NZDJPY H1 ANALYSISHello traders, we currently have a short setup for NZDJPY on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
NZDJPY (short)Trade Analysis
Reason For Entry:
- 4H head & Shoulders
- Bounce & continuation of 1H descending trend line
- 61.8 Fib retracement
- Bounce off of 1H resistance
- Shorted on top of right shoulder on H&S pattern 1H
Reason For Stop-loss:
- Above 1H descending trend lien
- Above strong resistance 1H & 4H
Reason For Target:
- 4H lows
NZDJPY SHORTNZDJPY MAking lower lows and lower highs based off h4 timeframe structure. Price recently started selling from major resistance area 65.145. Expecting to see more possible continuation of downtrend with take profits at minor support zones in blue and overall projection at major support zone 63.732.
NZDJPY H1 ANALYSISHello traders, we currently have a short setup for NZDJPY on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
NZDJPYNZDJPY
Multitimeframe analysis
1D
As we can see on 1Day chart market formed a nice double top pattern at the supply zone and price rejected from it nicely , we can expect to see a major drop in it.
4H
As we can see on 4Hour chart market got rejected from the demand zone , but at the same time market creating a lower low. so, we might see a price rejecting from a trendline in the near future.
1H
As we can see on 1Hour chart market created a Fresh Higher High by breaking the previous Lower high and also market breaked the previous trendline support level. We can expect it to rise till 4H trendline level.
NZDJPY Sell For Shorter TIme.NZDJPY is trading at a pretty strong resistance zone. So, we might see some correction on the downside towards the trend line. One can trade on the short side for a shorter time frame. If a pair comes on the downside, the target will be trendline support.
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NZD/JPY SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Type: Day-Swingtrade
Market-Sell: 65,460
Stop-Loss: 66,040
Target 1: 64,990
Target 2: 64,665
Target 3: 64,170
Stop-Loss: 58 pips
Risk: 1-2%
Risk-Reward: 2,24
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NZDJPY - Ascending Triangle Break-down Sell Opportunity| 1:2 R/R📢NZDJPY 4H - Technical Breakdown
📈Price levels have been respecting the ascending support over the last 3 weeks. The current market price appears to be losing momentum as it tests the overhead resistance at 65.950 for the third time.
📊A break to the down-side breaching the ascending support will present a good risk to reward sell opportunity entering when price levels breach the 50 EMA @ 65.100 for confirmation and looking to take profit around the 63.300 support region just passed the POC (Point of Control) for the visible trading range at 63.811.