NZDJPY is expected to drop to 1st support at 69.059 where it could potentially react off and up to 1st resistance at 69.675. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and...
NZD/JPY SHORT (sell) Sell NZD/JPY Entry 68.800 Entry 2 68.920 Sl 69.120 Tp.1 68.460 Tp.2 68.210 Tp.3 67.900 ROUND 3 lets get it
NZD/JPY Should do a bounce back to test Resistance one more time, where we are looking to short it once again We will be using the same parameters as previous call yesterday This time both are sell limits NZD/JPY SELL LIMIT Entry 68.650 Entry 2 68.800 sl 69.100 tp.1 68.350 tp.2 68.100 tp.3 67.900 Risk management please .01 or .02 for every 100
Price found support @67.5 making a Higher Low on the daily chart. I expect a Higher High from this point forward at least to the next historic Support/Resistance level @70.4 and maybe Price will flourish even higher close to 72.0 hitting the long term Down trend line.
Larger resistance across the top with a divergence turn that breaks an ascending trend line at 3 points, detailing lower high's. Stop set at 25 for a RR of 1:1.
Follow ArrowPips : ) After W1 resistance breakout NZDJPY is facing a resistance at H4 timeframe which pretends to push the downtrend further.
NZDJPY expected to rise up to 1st resistance at 71.723 where it could potentially react off and drop down to 1st support at 71.397. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY Possible Short Idea according to our technical indicator
This pair is currently trading at a major daily support (red zone) and is forming a Harmonic Bat Pattern . We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. We expect price action to complete the pattern between 70.00 - 69.900 before bouncing to the target (green zone). FX:NZDJPY
We see price action consolidating into a falling wedge pattern, which is also a reversal patter. Price is at a crucial zone because it is at a major weekly support zone and also at the bottom of the wedge. Therefore, we are predicting a reversal from this zone.
NZD/JPY is failling to make a push up on the 1H chart. It has broken under the 50 EMA of the 1H chart. As long as it holds as support, the sell is active. We can expect the pair to drop to the last low to find it's support for another push back up. This is a day trade. Wait for good confirmation of the move and enter. Trade safe.