Analysis: NZD/JPY Trend-Following Trade Based on my analysis of the ongoing upward trend and the potential breakout of resistance in NZD/JPY, i have formulated a plan to follow the trend and enter a buy trade. Here is a breakdown of your trade plan: Currency Pair: NZD/JPY Entry Price: 88.994 Stop Loss (SL): 86.541 Take Profit (TP): 99.221 Upward Trend and...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
In technical analysis, Fibonacci retracement levels indicate key areas where a stock may reverse or stall. Common ratios include 23.6%, 38.2%, and 50%, among others. Usually, these will occur between a high point and a low point for a security, designed to predict the future direction of its price movement
NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far. That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d). The two bullish legs have risen at least +7%. Trading Plan: 1. Buy on the current market price. 2. Sell below Support (1). Targets: 1....
After I caught the previous sell I'm looking for another, with the market retesting my zone I have executed once again, so lets see how this one places out.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a...
NZDJPY - 24h expiry - We look to Sell at 88.80 (stop at 89.30) Broken out of the channel formation to the downside. Further downside is expected. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 88.00 will confirm the bearish momentum....
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Looking at this pair, I'm getting the impression that a deeper correction might be imminent. Initially, the breakout from the 88 area wasn't convincing at all as it didn't exhibit significant follow-through, despite the fact that last week it touched a new high @89.700, marking the commencement of a Monthly SUPPLY/SELL zone. A solid signal that a reversal could...
NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90) Broken out of the channel formation to the downside. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 86.75 will confirm the bearish momentum. Our profit targets will be 86.50 and 86.25 Resistance: 87.00...
NZD-JPY was trading in A rising wedge but then A bearish breakout happened So I think that we will See a move down!
Weekly is bullish BUT time for a retrace-meant daily has a bearish formation break and retest 4 hr is bearish waiting for confirmation for entry
NZD jpy looks to be topping here and have a good potential to drop #nzdjpy
Waiting for a retest of 88.150 to long NZDJPY back to 4H swing High at 89.557 If you agree drop a like and if you have any questions leave a comment :)
🔍 Dive into my latest analysis on the related article and compare it with my previous week's analysis. 📉 Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market. ⚖️ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart....
This trade will take a while but is so worth it. Last week's candle showing strong buying support; ready to breakout to new highs. Targets above in orange. I'll start 3 positions, trim 2 at the orange lines and the final at the supply zone above.
NZDJPY is in still in bullish trend. Buy 88.77 SL 88.46 TP 90 Happy profit! Good luck!
NZDJPY Buy Stop Loss: Targets: 88.9 89.0 89.1 89.3 89.5 90.0