If we view this pair from a larger perspective we will see that in reality all sellers that were lured in at the breakout have now been stopped out. This could mean that banks have significant liquidity to make the true move to the downside. I will be waiting on a strong pullback before getting involved in long term sells.
Yesterday's collapse filled some of the imbalance from the strong move up. We are now trading around a previous order block and showing signs of rejection, could this be signs of some bullish momentum prior to NFP? Ideally, I would like to buy here to the higher OB but I will wait for further confirmation.
NZDJPY has made a head & Shoulders pattern. The TP would be the length between the Head and the Neckline. SL @ 80.27 or SL at Resistance Breakout H & S Target 78.71
The market has been moving in a very nice way in the long run particularly in the rising wedge pattern. It made a new high recently and there is a high probability that it will travel down for some time now, my personal taste says 76.5 at least. A chance to take short ASAP as soon as the market opens because a resistance has been formed and this is a nice entry...
Selling Opportunity With NZDJPY... Banking On Continuation Of The Downtrend... Let's Ride It Down Hopefully:: Perfect Pair To Look For ell Set-Ups:: Ideal Trade Indicated On Chart With SL $ TP 1$2 Indicated By Dotted Lines...
Break Of Key Level = SELLER STRENGTH
NZDJPY broke ascending trend line and are currently awaiting for the news to get some volatility going with JPY. The volume flow can bring the price down to 76.000 area in the long run. What's your bias for this pair? Thanks
Prices are facing bearish pressure and might continue its bearish moves downwards if it breaks through support level which coincides with 127.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push down further and take support from 161.8% Fibonacci retracement and 127.2% Fibonacci extension. If prices reverses from pivot, prices might face...
Since February, NzdJpy has had 6 attempts to stay above 79 figure and failed every time. Now the pair broke under trendline support and is trading just in horizontal support level around 78 A break here would give bears the upper hand and would expose 76 support. NzdJpy back above 79 would negate this bearish scenario
With how Market closed, it looks like we may finally get sellers commitment this coming week, What I'm looking for is for a lower timeframe tight flag to continue the downtrend, if Price shoots up to test the high one more time I might opt for a breakout entry of the larger flag, my stop loss will be larger but I'm fine with it as we broke out of the larger...
Hey tradomaniacs, welcome to another trade-setup! NZD/JPY: Day-Swingtrade-Execution Market-Sell-Order: 78.430 Stop-Loss: 78.960 Point of Risk-Reduction: 77.950 Take-Profit: 76.730 Stop-Loss: 55 pips Risk: 0,5% -1% Risk-Reward: 3,10 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t...
A good Short idea for this pair
Welcome to our Trade Setups - May 19th ( NZDJPY ) ! SELL NZDJPY ENTRY LEVEL @ 78.254 SL @ 0.93325 TP @ 79.067 Max Risk: 1% - 3%! Risk/Reward Ratio: 3 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
NZDJPY has rejected a very strong supply zone. Keep in mind that a quick breakdown can be expected and can be a very successful analysis