AND ANOTHER ONE.. NZDJPYPrice has clearly broken bearish and we are in a clear downtrend. Price is currently as point of support which is price is currently respecting. We may potentially see price move up at re-test 71.028 .We can potentially see price move bearish from this point toward our target at 66.629.
Stop loss marked at 220 pips - Manage your risk accordingly!
Risk to reward 1:2
I will be making an educational post on risk management, and how to properly calculate your position sizes. This a MAJOR key in your trading. Hit that follow to be notified when i do post it!
Nzdjpysignal
Analysis of NZDJPY 22.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 67.50
• Take Profit Level: 66.50 (100 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 68.50
• Take Profit Level: 69.00 (50 pips)
USDCHF
A possible long position at the breakout of the level 0.9830
USDJPY
A possible short position in the breakdown of the level 106.20
EURUSD
A possible short position in the breakdown of the level 1.1065
GBPUSD
A possible short position in the breakdown of the level 1.2100
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 71.849 where it could potentially react off and up to 1st resistance at 72.567.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZD/JPY to SHORTMarket appears to be in a downtrend, likely retracements along the way before getting to take profit region.
Trade chart at your own risk.
Want to know what indicator I'm using? Send me a polite PM and i'll show you where to find it, plus additional tip if you are a pro (non-pro will not have access to this tip)... no I do not sell anything, all free.
NZDJPY wait for pullbackNZDJPY Has to Break the pattern Now making a pullback wait till the market
Take their pullback till previous resistance
or you can Take Entry Now as well
1st Targets are 72.436
2nd Targets are 72.671
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan
Short Sell NZDJPY as we can see its time to check while the market is open if there is a gap up or down but in my opinion its a good chance to sell NZDJPY based on the trend analysis, Gann levels and Ichimoku indicator.
Best of luck
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