This chart showcases a massive 39-year consolidation range in NZDJPY, spanning from 1986 to 2025, with no confirmed breakout or breakdown throughout this entire period. The pair remains range-bound, signaling long-term indecision.
Currently, we are preparing for short-side trades based on a key technical clue:
The latest monthly candle wicked above resistance, sweeping liquidity before closing lower — a classic liquidity grab or false breakout setup, indicating a potential reversal within the range.
Trade Plan:
Entry 1: 89.364
Entry 2 (Add more lots if price rises): 93.351
Stop Loss for both entries: 95.967
Our targets remain:
Take Profit 1: 70.220
Take Profit 2: 42.516
This setup is aiming for a 5,149 pip move (~55% drop), aligned with the historical range-bound behavior.
Currently, we are preparing for short-side trades based on a key technical clue:
The latest monthly candle wicked above resistance, sweeping liquidity before closing lower — a classic liquidity grab or false breakout setup, indicating a potential reversal within the range.
Trade Plan:
Entry 1: 89.364
Entry 2 (Add more lots if price rises): 93.351
Stop Loss for both entries: 95.967
Our targets remain:
Take Profit 1: 70.220
Take Profit 2: 42.516
This setup is aiming for a 5,149 pip move (~55% drop), aligned with the historical range-bound behavior.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.