NZD/JPY Short Opportunity
NJ here. This pair has failed to break this resistance level for over two weeks now, with a correction over the past few days due to the corona virus manipulation it has come up too a level of interest. Upon a daily candle closure forming as a shooting star, doji or spinning top, I will be looking to take short trade from the purple box region. Taking partial...
• Swing Short Setup • Continuation bearish chart pattern • Consolidating between 38.2% and 50.0% Fib Retracement
Trendline break followed by this current continuation pattern forming. Expecting a small push higher to the top end of the pattern in correlation with touching our 200dayMA followed by a hard drop.
• R:R 1:3 • Continuation pattern • Swing short setup
Lets see how many months we need to wait for this trade to come into effect. A very far target but we hope it works
This is not trading advice, my opinion only
NZDJPY nice touch of the trendline and transition, head and shoulders in play and couple low time frame double tops. I'm looking to see price continue to flow bearish for a next 150 pips.
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, all requirements for a valid K2 Trading Strategy entry are present providing additional confirmation for my idea.
There is a breakout of the trendline, we've had a pullback and another strong bearish movement below a key level. On the 15 min timeframe, I'll wait for a retracement to the 61.8% or 50% level before entering this trade for a sell order. Push like to support and follow me for more analysis.
Trade Setup for the Downside, I am expecting a drop in downside as i Forecast. ThankYou
Over 300 pips Bagged successfully already, bag still loading up to 2nd target, pullback seem to be over, join the train if you can..
NZDJPY reversed off its resistance at 71.250 where it could potentially drop further to 70.787. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short Usdjpy near 109.20/35 sl above 109.65 tp 107.80 trade with proper money management Thanks
Hello Traders NZDJPY reached an important resistance level of 71.20 and filed to break it. It also hit 50 and 200 EMA which acted as resistance. Now the price is going down to the support level of 69.30 Trade at your own risk. Do your own analysis and be safe!