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Nzd-jpy

NZDJPY Inverse Head and Shoulders - Sell SignalThe NZDJPY pair has completed an Inverse Head and Shoulders (IH&S) pattern as it continues to trade on the 1D MA50 (blue trend-line). Technically this is a bearish reversal pattern. With the 1D RSI on Lower Highs similar to the November 2021 - Jan 2022 sequence that printed a Lower Low, we are expecting a similar sell-off. Our first target is the 1D MA200 (orange trend-line) and if broken, the 79.500 Support on the longer-term. This trade is invalidated if the price breaks above the Resistance Zone. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
NZDJPY looking for the 82 🦐NZDJPY on the 4h chart is currently testing the weekly support. The market retraced at the 0.618 Fibonacci level after the latest structure test. How can i approach this scenario? I will wait for a potential break of the support area and in that case i will look for a nice short order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
3
NZD/JPY Outlook (28 June 2022) The NZDJPY sits just above the 85.00 level, looking at it on a purely technical basis, it as both an upside and downside potential, as we wait for price to react to this level. However, with anticipating for the NZDUSD to move lower, on the back of a weaker NZD and the corresponding chart pattern, this is likely to imply that for the NZDJPY the downside potential could be more likely. Look for price to break below the 85.00 level a selling opportunity is confirmed. With take profit placed at near term support 84.50 or longer term support at 83.60.
Short
by JinDao_Tai
5
NZDJPY Sideways with new High towards the end of the year.The NZDJPY pair almost hit its yearly High two days ago and this 2 day rejection illustrates that this was the medium-term top. As noted in our last analysis, this is roughly replicting the March - September 2021 sequence, where the pair gave two solid sell and two buy opportunities before making a new High. Right now the price should pull-back on the medium-term towards the 1D MA100 (green trend-line) after the 1D MA200 (orange trend-line) was tested and held on the last Low. By the end of the year we should have a Higher High within this Fibonacci Channel. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3
NZDJPY - Plan For The Year ✨Our last NZDJPY analysis was invalidated and did not get triggered for entry. Since then, we went back to the drawing board and realised that we're still within Wave 5. Wave 5 is made up of 5 subwaves and we are currently on the 4th subwave, which is an ABC correction. We are now trading the C leg of this correction. SHORT Trade Idea: - Watch for rejection of fibonacci - Enter on trendline break with stops above the recent highs - Targets: 80 (550pips), 78.6 (700pips) LONG Trade Idea: - Watch for the ABC correction to complete above the wave 4 invalidation level (blue structure) - Once bullish price action appears, enter with stops below the lows - Targets: 85 (700pips), 87.3 (900pips) 89 (1050pips) See below for lower timeframe analysis. Break of orange trendline = risk entry Break of red trendline = safe entry Gooduck and as always, trade safe!
by WicktatorFX
9
NZDJPY Sell signalThe NZDJPY pair broke above the long-term Channel Up but formed a top pattern just outside it and as the 1W RSI got rejected around the same (overbought) level as in late February/ early March 2021, I expect a similar pull-back towards the 0.5 Fibonacci retracement level. On the long-term though, since it broke above the Channel Up, I expect it to rebound and target the next Fibonacci extension at 1.5, roughly around 92.500. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
1
NZDJPY an ascending triangle 🦐NZDJPY on the 4h chart is trading between an ascending trendline and a static resistance. The price after a few tests of the 2 areas is now trading below the resistance structure. How can i approach this scenario? Being the triangle. a continuation pattern i will wait for a possible break of the upper structure and in that case, i will be ready to set a nice long order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip