Nzd/Jpy

Time Frame - 4 Hour
Currency pair - NZD/JPY
Buy @ - 70.65
Stop Loss - 70.28
Take Profit - 71.00
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.

Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows markit is going up so buy is best for traders and Support Level shows market is going down so it is best for sell trading.
The support and resistance level educate us for markit trading up or down so we can trade sell or buy and get huge benefit in trading.

Evaluasion
no position is executed, we move again.
price has been a breakout past the previous highest price. very nice for the OP buy.

Position For Order:
buy limit 1 @ 66.42
buy limit 2 @ 66.20


Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.

nzd japan

It is referred as a contrarian day trading strategy which is used to trade against the prevailing trend. Unlike other types of trading which main target is to follow the prevailing trend, fading trading requires to take a position that goes counter to the primary trend. The main assumptions on which fading strategy is based are:
Securities are overbought Early buyers are ready to take profits Current buyers may appear at risk

Fading in the terms of forex trading means trading against the trend. If the trend goes up, fading traders will sell expecting the price to drop and in the same way they will buy if the price rises. Herein, this strategy supposes selling the security when its price is rising and buying when the price is falling, or as called “fading”

Today market analysis and trend:sell

Indicators and Moving average market ke down hony ka bata rahe hain

Resistance and Support points se bhi market down hoti nazar a ri hai

Hamain sell main trade lagani chahiye

BesT Of LucK

Forex Forecast with price level
NZD/JPY - pair in focus.
Current Price - 70.78
main support level - 70.73
main resistance level - 70.85
Pair likely to be in Sell today.

NZD/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
70.43 - 70.51 - 70.66
Resistance 1 - Resistance 2 - Resistance 3.
70.88 - 70.97 - 71.11
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.

predictions for the day.
trading is risky if no analysis is done
NZD/JPY - is the currency pair we will be focusing on
major low levels also known as supports 70.61
major high levels also known as resistance - 70.78

New Zealand Dollar/Japanese
Yen (NZD/JPY) Exchange
Rate ▲ 70.65 0.01 (0.02%)
Update 16/02/2020
11:47:07
Trade NZD / JPY Now
High 70.79
Low 70.53
Open 70.66
Prev Close 70.22
52Wk High 76.56
Since
03/19/19
-7.54%
52Wk Low 66.75
Since
09/03/19
5.66%
20-Day
Average
71.14
200-Day
Average
69
14-Day Rel
Strength
37.56
14-Day
Stochastic
52.67
NZD/JPY Pivot Points
Name S3 S2
Classic 70.5833 70.6167 7
Fibonacci 70.6167 70.6358 7
Camarilla 70.6638 70.6592 7
Woodie's 70.5750 70.6125 7
DeMark's - - 7

NZD/JPY takes the bids to 71.0450 after the RBNZ Governor Adrian Orr refrained from spoiling the upbeat mood following the central bank’s interest rate decision off-late.

The central banker expected the coronavirus risks to last for six weeks while also anticipating fiscal policy measures to help going forward.