nzdjpy sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDJPY trade ideas
NZD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
NZD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 94.348 area.
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NZDJPY Potential Resistance Breakout At 96.736 03.05.2024- Potential resistance breakout at 96.765 on 30-minute NZDJPY chart.
- If breakout holds, high chances of exchange rate rising to 97.112; breaking 97.112 may push it higher.
- If breakout fails, high chances of exchange rate dropping to 96.440; breaking 96.440 may push it lower.
- Apply risk management
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NZDJPY POSSIBLE SHORT TRADEThe pair has been trading in a bullish trend for some time. It recently got rejected from a strong resistance zone and now looking to retest the same zone.
If the price will be clearly rejected from that zone, I'll be looking for short trades.
Please do your own analysis before placing any trades.
Cheers and happy trading.
NZDJPY Approaching the top of 3.5 years Channel Up. Strong sell.The NZDJPY pair is trading on the 4th straight green 1W candle and is approaching the top (Higher Highs trend-line) of the Channel Up pattern that started on November 2020. Even though it may extend to a +9.30% rise (the smallest long-term it had within the pattern), selling now offers excellent Risk/ Reward conditions. Our target is 92.000 (Higher Lows trend-line).
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