Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! NZD/JPY: Daytrade-Preparation Market-Sell:70,190 Stop-Loss: 70,415 Target 1: 69,970 Target 2: 69,857 Target 3: 69,700 Stop-Loss: 22,5 pips Risk: 0,5 % - 1% Risk-Reward: 2,22 LEAVE A...
Hello my friend, I noticed some good setup in NZDJPY as price making a potential double top pattern on the daily timeframe. Taking a deeper look into 4hr timeframe we could see another bearish pattern which is favorable to trade. It is a shs or shoulders head pattern. I am going to sell NZDJPY as there is 2 bearish patterns in play for this pair. Also keep in...
Looking at weekly chart of the NZDJPY we can see a 78.6% retracement off the drop that started 16 Dec 2019, and we can clearly see a double top formation with the first top formed 8 June 2020 and the second top formed July 2020. On the same weekly chart, drawing our fibs from the impulse move of 15 May 2020 to the 2 tops we can see price is currently slightly...
Hello traders, this is the update on the NZDJPY trade that I forecast on Jul 6. Check the forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
Break of TL on daily. Waiting for a bit of a deeper retracement. Potential swing trade for ~ 400 pips if we get that move down.
Another breakout, waiting for retest before selling
#NZD - Bearish Mode Recap: 1️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government. 2️⃣ Negative performance was driven mainly by global risk sentiment moves. Review: 1️⃣ It’s another quiet week...
NzdJpy failed in its new attempt to conquer 71.50. The ascending trend line is broken now and we can consider a clear top in place. Now the pair is trading in a tight range and a break under psychological support at 70 could accelerate loses towards 68 zone support
I've already shared detail analysis previously Here's lower TF Simply breakout and retest scenario plus Double top rejected as well..
💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. NZD/JPY will move lower as price has been rejected from resistance line, we expect price to go lower next week. Let us know what you think about this idea. Trade safe !
I believe this will take a big fall, price appears to be heading towards its previous high and is moving away from my key level I am going to wait until price breaks this support zone and the trend line before selling
Price has spiked up towards its previous high, I see divergence and im expecting price to break this zone and retest before shorting
💡Hello traders, Hope you are having fantastic summer and also are finding time for trading as well :) I will really appreciate any likes and follows, that would help grow this channel. NZD/JPY is approaching horizontal resistance zone. We believe price will not have enough momentum to break through this area. We expect price to go down from this point. Let us...
As we can see from the chart, price has broken through support and is now consolidating above another level of support It did this previously and then dropped to the next support level I expect the same thing to happen here, just waiting for confirmation before we take the sell
From what I can see price is heading for its resistance zone before dropping again, once it reaches this area I will be looking for longer sells