Hello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel, price dropped from resistance of channel. W > Price tested resistance level thrice and faced rejection to create triple top. We can see a W formation and can set its neck as a...
NZDJPY After peaking the September month high around 72.00 which is a key psychological level its felled towards 68.640 which is a low volume area and find some buyers and making series of Higher high higher low patterns. From Sep-09 to Sep-18 it was trading in a range and felled below the range. I have marked some levels are acting as accumulation and...
Very very clear tripple top pattern there. We might be going for a long crash ride. Any thoughts leave in the comment section
👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE will waiting for SELL conformation: - We have downtrend. - MACD give us SELL signal. - Candle close below ASIAN session. 💡 Why should you...
Currently, NZD/JPY is trading at 69.60. The pair is trading in a resistance and support channel from some time and now moving towards the support level at 69.00. It may rebound back after touching support level to again move towards resistance level at 72.00. Until it breaks resistance or support level, it will hover in this channel. So, do have this pair in your...
Hey tradomaniacs, welcome to new free trade-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! NZD/JPY: Day-Swingtrade-Execution Market-Buy: 71,115 Stop-Loss: 70,515 Target 1: 71,600 Target 2: 71,900 Target 3: 72,400 Stop-Loss: 50 pips Risk: 0,5% - 1% Risk-Reward: 2,60 LEAVE A LIKE...
The zone of 71.100-200 proves to be a tough nut for the pair. Despite multiple attempts, the price is unable to break above it. Further, the price action has formed an evening action star pattern at the resistance zone. Hence, we expect the pair to be bearish in the near-term.
As you can see in D1 Chart, NZDJPY did a fake breakout (I Posted about it before) It did not continue up. so now it should continue it's consolidation again and it's next move will be Sell. As you can see it has retested the resistance where the fake breakout occured. it will now most likely head towards the 69.500 Level Now. Comment if you have an alternate idea.
NZD - BEARISH 1️⃣ Investors were cautious on news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant. 2️⃣ Director General of Health Ashley Bloomfield reported six fresh cases of the novel coronavirus in New Zealand, all of which are linked to the Mt Roskill...
Hello my friends, Today another setup on JPY pairs. This time it is NZDJPY. I found a good buy setup for this pair as there are some confirmations appeared which consist of: 1. Parabolic SAR now below the price indicating buying pressure 2. Price above the kumo cloud 3. Kumo cloud is green colored 4. Long legged doji which is a price action confirmation Buy...
Last week NzdJpy traded for just one day above 71.50 resistance. The break proved to be a false one and a strong bearish engulfing followed. Usually, false breaks announce strong reversals and I expect the pair to drop to recent rage support at 69 zone. Sell trades around 71.50 have a great R:R