NZDJPY Trading Plan BUY - Riks Reward 1:3
NZDJPY Trading Plan BUY - Riks Reward 1:2.5 Low Probability
After breaking-down the consolidation just above 70 zone, NzdJpy fell hard last week, the pair losing 300 pips (almost 5%), with most of the losses done on Friday. The pair stopped its descent just in 67 area support and, with the price being so far from its 50 EMA, a correction could follow. The next important resistance comes into place at 70 old support. Looking to buy
NZDJPY has been showing a lot of strength of late. After breaking through the all-important support of 72 during last July and plummeting to 66, NZDJPY has recovered all its losses. For the last 3 months, NZDJPY has been rallying consistently. This has happened due to better risk appetite in the markets. Looking at the sentiment, I can assume that a lot of retail...
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...
you will be stopped out if indices take another dump, so its risky play
The price is retouching support/resistance zone for the third time. Divergence on OBV. What do you think?
checking from our last nzdjpy analysis i tagged below we see price falling as predicted after we previously took a buy
minor support level has brought price up on my previous analysis (link attached below!), now price formed triple bottom formation and might bring NZDJPY continue its upward movement, wait for horizontal resistance breakout before placing any buy order. be patient! Plan : horizontal resistance breakout --> wait for prices to bounce off from horizontal support -->...
Plan : wait for price to bounce off from horizontal 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 investment decisions. Traders!!...
NZDJPY soared high after the announcement of interest rate by RBNZ, currently we area seeing price form a falling wedge pattern and giving us long trade opportunities. Plan : wait for prices to bounce off from horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this...
Title : NZD/JPY Buy SIGNAL Asset : FOREX Symbol : NZD/JPY Type : Market buy Time Frame : H4 Entry Price 1 : 70.012 Entry Price 2 : 69.980 Stop Loss : 69.712 Take Profit : TP 1: 70.312 TP 2: 70.512 TP3: 70.812 Status : active
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...
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.
- Overall trend is bearish - January is generally positive for Yen Analysis Invalid if 73.2 Broken (Price breaks trendline)
In all my previous NZDJPY ideas, I recommended traders to sell NZDJPY. If you followed, you might have made close to 200 pips profit from those. However, through this analysis, I want to say that NZDJPY could bounce upwards in the coming days. Today's daily candle might show indications of a trend reversal as this candle has formed at the 100D EMA. So, if NZDJPY...