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.
Nzdjpyshort
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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Peace and good trades
Irasor
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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.
NZDJPY SELLTHIS IS TECHNICAL TRADE AUPPORTED WITH A REASONABLE FUNDAMENTAL ANALYSIS.
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BREAKOUT AT NZDJPY.Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair gave a breakout and has fallen from the price. However it did not do a retest yet, so it is possible that the pair will come up a bit and then start falling again.
Let us know your views on this in the comment section. Thank you all.
There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes