🚨NZDJPY will Go Down to Uptrend line🚨🏃♂️NZDJPY is moving near the Important Resistance line and the Resistance line and inside the 🟡 Price Reversal Zone(PRZ) 🟡.
💡We can consider the formation of the 🌠Shooting Star Candlestick Pattern🌠 in 🟡 Price Reversal Zone(PRZ) 🟡as a sign of a return.
🔔I expect NZDJPY to return to the 🔴 Resistance zone 🔴 and Uptrend line in the coming hours.
New Zealand Dollar/Japanese Yen Analyze ( NZDUSD ), 4-hour Time frame ⏰.
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JPYNZD
NZDJPY | COULD BE A GOOD BUY!The 1-4 hour trend is technically bearish, however, we just broke the 4h 100 moving average with a solid bullish engulfing candlestick, our stoploss covers daily moving average, and 12 hour is developing a good price action. Overall I think the higher timeframe bias will continue and this short-term bearish movement should fade. 📈😊
JPYNZD, Decisive Bull-Flag-Formation, How It CompletesHello,
Welcome to this analysis about JPYNZD, we are looking at the 12-hour timeframe perspectives. As I recently detected JPYNZD is forming this interesting structure with mainly this decisive descending-bull-flag-formation formed and the wave-count from A to C almost already completed in the flag-formation. Besides that, the wave-count in the flag and the flag itself form the wave C of the major wave-count to the upside. This flag-formation finally confirms with a breakout above the upper-boundary as it is marked in my chart and such a breakout with a sustainable stabilization above the boundary will be the setup for the further continuations to the upside as well as activation of the upper bull-flag-target-zone marked in my chart in blue in the 0.01323 level. When the breakout completes as suggested the targets will be reached with a high possibility likelihood and after this has happened the situation needs to be elevated anew with JPYNZD either continuing bullishly or moving into a reversal which would not be unlikely.
In this manner, thank you for watching my analysis about JPYNZD and the main bull-flag-formation with the likely breakout incoming and activation of upside-targets ahead of next times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
JPYNZD sinking to new lows.Pretty much the same picture, as with CAD, AUD, JPYNZD is another longterm sinker, but it does not appear that there is even a X Wave to save it. I have outlined Fibonacci goals in purple, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot Waves and TA by yourself. In my experience Elliott Waves in combination with Fibonacci Retracements/Projections/Time and a momentum indicator of some kind gives results I am ultimately extremely happy with.
JPY/NZD: STRONG REBOUND?Hello traders!
Here my idea is to wait JPY/NZD to touch the support line and then go long until our defined target. Always remember to wait for a confirmation candle before placing the trade! Furthermore, the RSI is almost oversold!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
JPYNZD SHORT TRADE: Trend Trade - End of BounceSymbol: JPYNZD
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: Yellow
Medium Timeframes: Green
Long Timeframes Context: Red Series
SETUP: SHORT
ENTRY @ 0.01392
SL-1 @ 0.01397
T1 @ 0.01385
SL-2 @ 0.014
T2 @ 0.0138
Manual Stop Conditions: The upper ribbons turns Green
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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
NZDJPY Sell signal with potential H&S in the makingOn the left we can see a potential H&S in the making, but obviously it is very premature. There are a few reasons though for me to assume it is a realistic option.
At the high we can see a gap up that got sold of quite big with to big red daily candles. This is a sign of weakness and shows there is a potential high set. When we zoom in, i will get in with 50% of a small size if that first blue zone breaks, not any sooner. When that happens i will use today's high as a stop as you can see in the chart. If the second blue zone breaks i will add the other 50% and then just wait for it to touch the potential neckline. That neckline will be my first target where i unload half my position.
After all this it will be sitting and waiting to see if the H&S become reality or not. If it does happen, i will make it a decent size if the neckline breaks.