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Nzdjpytrade

Confluencing factorsA few factors meet in confluence to form this trade setup: 1. Resistance broken and tested as support 2. Short term up-trend 3. Pullback to the fibonacci levels 4. Bullish engulfing bar completed This type of setup entails buying once the high of the engulfing bar is broken with stops a few pips below the engulfing bar and the target at least 2x that of the risk. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
1
Confluence of factors1. Breakout from support 2. Tested as resistance 3. 21 sma pinned 4. Fibonacci zone pinned 5. Capped trend line confirming bearish trend These are all signs that price is likely to reverse. For this type of setup stops are best placed above the 61.8% fibo level and the target must be at least 2x that of the stop. It is my personal opinion that this pair has a substantial down side potential when analyzing the higher time frames. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Short
by Cmasterza
NZDJPY 1 hr Trend Analysis and Strategy with Harmonic BATThis pair has recently bounced off a major daily support (red zone) and has started the 4th leg of the Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. A trend line on the 1 hr chart has been breached giving our analysis and strategy validation. We are still targeting the green zone as shown on the previous analysis of the pair. FX:NZDJPY
Long
by PlutusX
1
NZDJPY Trade IdeaPrice had respected the resistance level last week and dropped hard after the NZD interest rate was announced. Since then price has pulled back to the 61.8% Fibonacci retracement level and printed a sell signal (long legged doji) I have subsequently sold at market price @ 75.776 with # stop loss higher up where I deem this setup invalidated @ 76.041 and # take profit lower down at support @74.901 As usual don't bet the farm and never invest what you can't afford to lose... For full details on trade management join me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
1
NZDJPY Trade IdeaThe resistance level has been holding well and the support trend line broke on Friday indicating possible change in the trend. I will be looking to sell IF the following conditions are met: I have marked with the yellow bar the 50 and 61.8 fibo levels based on the last bearish move. I want to see if this level will be tested and IF a sell signal prints, to consider shorting this pair The area of interest is 75.296 for the entry and Stop just above the fibo levels with enough room to breathe @ 76.400 and Take profit lower down @ 72.974 (note the incremental tp levels marked with red lines) As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
2
Key level reachedThis pair had reached a key resistance level last week - 75.525 Since then price has rejected the new high by popping a wick to the up side pinning the resistance level: 1. I have noted the swing low at 75.000 as a short term support level 2. Note the marked support lower down at 74.400 3. As long as price is between the 75.525 and 75.000 range I will wait for price action to show clues of what to expect next 4. Shorts can be considered below 75.000 5. Long positions can be considered above 75.525 My explanation above carries a few possibilities so I await the market to make its move before making a call. More details to follow as things unfold
by Cmasterza