Don't miss the great sell opportunity in NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Jan 3, 2020 1:21 PM

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (72.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 32.

Take Profits:
TP1= @ 71.75
TP2= @ 71.47
TP3= @ 70.00

SL: Break Above R2

Comments

Marouanewendy

⋅ Jan 5, 2020 7:05 PM

thank you sir for your idea

ForecastCity

⋅ Jan 6, 2020 11:53 AM

@Marouanezab77, You're welcome. We are so happy you liked it.

Best_Forecast

⋅ Jan 6, 2020 12:55 PM

Nice idea.

ForecastCity

⋅ Jan 6, 2020 1:36 PM

@Alexander_007, Thanks for your comment on it.

fxniki

⋅ Jan 4, 2020 12:11 PM

thanks for publishing a great sell opportunity in NZDJPY.

ForecastCity

⋅ Jan 6, 2020 11:54 AM

@fxniki, You're welcome.

OJFeeney

⋅ Jan 9, 2020 2:25 PM

Hi forecast city, as the price has reached tp 1 and 2, will it fall back down to tp 3? or is it on a bullish trend now?

ForecastCity

⋅ Jan 10, 2020 2:05 PM

@OJFeeney, Sorry, We do not provide a private consultant, please use the published ideas to know more about our technical analysis, forecasts or trading opportunities.

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