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NZDJPY – we are waiting on decision

FX:NZDJPY   New Zealand Dollar / Japanese Yen
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NZDJPY – we are waiting on decision

Trend: Neutral

Support/Resistance:
R3: 71.815
R2: 71.300
R1: 70.800
S1: 70.523
S2: 70.013
S3: 69.253

Price action:
In this case NZDJPY currency pair closed in buyers spot level which is currently neutral from both sides perspective, till we don't get more information on this flow. Trade would be good to sell after breaking second support level to continue to 69.253 support level . On the correct side, if buyers will have enough power, then they are able to test critical resistance level .

Potencial trade idea:
Bulls targets:
T1: 71.300
T2: 71.815 (critical resistance level )

Bears targets:
T1: 70.013
T2: 69.253

NOTE – We are trading NZDJPY via the preferred trading setups

Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Elite system, Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

Good trading!

Elitefxacademy

Comments

here is my overall considerations on NJ
Reply
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