Trade Idea: Previously, buyers have been trying to push this pair higher and above 200EMA, but we can see major sellers stepping in after price has reached the 200EMA (as highlighted from the green circle). Last week, we saw a significant push from buyers once again and breaking thru the 200EMA and now price is consolidating between a major and minor S/R zones....
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As shown in the chart, a short term bullish move can be expected in NZDJPY, especially after positive news came of NZD's CPI announced earlier today. A short term upward move with the next resistance 65.050 levels can be expected.
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If you already have a trade on yen(jpy) don't double up your risk....!
Hello guys OANDA:NZDJPY has broken the neckline and is now showing downward reversal pattern to the target 1 zone.
Can NZDJPY trade toward 66.90 and higher once we get a clean break of this wedge into the Month of April? Given the volatility within the markets currently, this will be interesting to see.
NZDJPY Trading Plan BUY - Riks Reward 1:3
Earlier Idea is Daily, this here is 4Hr-- Not that much of a difference-- 59.391- 65.18 is all time Buy-Zone. Price above 65.18 will be above trend-line (positive territory) not included on chart. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for...
Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
nzdjpy consolidation break now time to sell
checking from our last nzdjpy analysis i tagged below we see price falling as predicted after we previously took a buy
Plan : trendline breakout --> wait for price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
The outlined white arrow pathway is the predicted pathway that the NZDJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDJPY will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...