NZDJPY, Break out Significant Support and has bullish Momentum!
NZDJPY is approaching a strong sell zone. We can see price previously reacted from this level quite dramatically. We're looking for potential shorts from here back to the support zone.
NZDJPY-Technical analysis The price was closed below the 70.000 key psychological level leaving a doji candle. And currently ZNDPY has retested the 70.000 level and its unable to break firmly We can sell this pair now and the swing target would be 68.900 and stop lose may placed above the 70.500 level SWING TRADE-NZDPY Entry point @ 69.900 Take profit @...
If price follows the ghost pattern on the chart, then drop should follow. Patience is key.
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.
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
unconfirmed ascending triangle. waiting for closing above the resistance zone
NZD/JPY SELL limit ENTRY 1 69.863 ENTRY 2 69.924 sl 70.039 TP.1 69.620 TP.2 69.340 TP.3 69.024
A few factors meet in confluence to form this trade setup: 1. Resistance broken and tested as support 2. Short term up-trend 3. Pullback to the fibonacci levels 4. Bullish engulfing bar completed This type of setup entails buying once the high of the engulfing bar is broken with stops a few pips below the engulfing bar and the target at least 2x that of the...
1. Breakout from support 2. Tested as resistance 3. 21 sma pinned 4. Fibonacci zone pinned 5. Capped trend line confirming bearish trend These are all signs that price is likely to reverse. For this type of setup stops are best placed above the 61.8% fibo level and the target must be at least 2x that of the stop. It is my personal opinion that this pair has a...
Price found support @67.5 making a Higher Low on the daily chart. I expect a Higher High from this point forward at least to the next historic Support/Resistance level @70.4 and maybe Price will flourish even higher close to 72.0 hitting the long term Down trend line.
Buying at market price 72.467 # SL @ 72.236 and # TP @ 73.217 You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg