The NZDJPY pair has been trading sideways within a Resistance and Support Zone since the June 08 High, using the 1D MA50 (blue trend-line) as the pivot. The longer it does though, the more the MACD on the 1W time-frame is losing momentum and we may see a strong move downwards.
In fact this pattern resembles the March - June 2021 sequence that eventually broke...
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.Update analysis
.TP1 - TP2 - TP3 Reached
.PROFIT: 163 PIP
.This analysis is still active
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Analyzer: Joseph
✅NZDJPY formed the second vertex. The price turned sharply down. I expect the fall to continue.✅
🚀 SELL scenario: short to 83.4.🚀
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Hello friends
.Update analysis
.TP1 & TP2 Reached
.profit:120 PIP
.This analysis is still active
.You can view and compare the attached chart and analysis
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New Zealand Yen: touching a supply area and when the harmonic retracement area sells the levels expected to drop, indicated on the chart, with the importance of not penetrating the retracement area by closing
Divergence on MacD Plus a strong resistance area bounce multiple times The stop-loss area above the resistance area is not far away while the meditative gains are large
NZDJPY SHORT
Why are we entering?
- Expecting JPY strength and NZD weakness
- Price is approaching our trendline, structure level
- We are currently forming our 335 correction
What are we waiting for to happen?
- Rejection of trendline & structure level
- Break of WFB trendline
Entry
SAFE Entry: Rejection of trendline, structure and a break of WFB...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Currently, NZDJPY is slightly UP due to MARKET RISK ON. We expect NZDJPY to be slightly UP again. We look forward to the future behavior of NZDJPY.
Anyway, the PRICE can go back up to the 86.55 level on the NZDJPY MAIN RESISTANCE. After that, you can definitely SELL at 81.51 LEVEL. For that, MARKET RISK should be OFF. Pay attention to August 17 RBNZ...
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📉Based on the chart: Important levels are marked
.The price is near a resistance range
.The direction of movement is shown in the chart
.We are looking for a reversal pattern
.We are looking for the best price for a sell position
.📢 Please follow your strategy, , this is just my idea
.🙌Please do not forget the ' like' button & Share it with your...
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.Update previous analysis and new analysis
.In the previous analysis, we had two scenarios and the analysis moved according to the first scenario
PROFIT:260PIP
.Currently: the price is near a resistance range and we will expect a price correction
.We will check the chart and look for reversal patterns. We are looking for a sell position
..You can...
✅NZD_JPY is going up now
But a strong resistance level is ahead
Thus I am expecting a pullback
And a move down towards the target
SHORT🔥
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Hello,Traders!
NZD-JPY is going up right now
And the pair seems destined
To retest a horizontal resistance above
From where a pullback and a bearish correction
Are to be expected
Sell!
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