NZDJPY, Personal Favorite Model for Selling Short this PairHello Traders, Hope you Guys are enjoying your Holidays during this winter season.
i just came across one of my favorite model trade setup on NZDJPY pair for selling short above 90.43 and target around 87.70 or below levels with a Solid stoploss placement at 91.52 level.
This is going to take time to pan out as we are in slow mode and holidays period of the calender year. so have patience and risk little % of your capital .
Wish you a Very Merry Christmas's and Happy New Year
Rizwan Ali
Nzdjpy!!
NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are targeting the 90.142 level area with our short trade on NZD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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NZDJPY: Bullish Divergence and Fib Retracement Signal Potential📈 Overview:
NZDJPY, amid a bullish trend, shows a bullish divergence near its higher low. The current retracement from the 0.618 Fibonacci level suggests potential upside.
📊 Technical Analysis:
Bullish divergence and retracement from 0.618 indicate a favorable risk-reward ratio for potential long positions.
📉 Trade Strategy:
Traders may consider long positions, with entry near the current retracement level, anticipating an upward move.
🛑 Risk Management:
Mitigate risks with stop-loss orders to protect capital in case of unexpected price movements.
📈 Conclusion:
NZDJPY offers a concise opportunity for further upside, supported by bullish signals. Monitor for confirmation and adjust positions accordingly.
NZD/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
It makes sense for us to go short on NZD/JPY right now from the resistance line above with the target of 89.803 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Advanced Trendline Trading TechniquesCheck out these advanced trendline trading techniques for NZDJPY.
If you're seeking a counter-trend trading opportunity, watch out for a Magic Candle Confirmation (MCC) on the Bearish Trendline.
This will signal an entry point for a short trade.
Once the pair touches the next trendline, consider shifting your stop to entry and decide whether it's a satisfactory point to exit the trade.
What's your trade plan for NZDJPY? Share your thoughts!
Sell NZDJPY Triangle BreakoutA bearish triangle pattern has emerged on the NZD/JPY 30-minute chart, signaling a potential decline in the pair's value.
Key Points:
1. Triangle Breakout Pattern:
The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move.
2. Sell Entry Opportunity:
A break below the lower support line of the triangle, around 90.10, could signal a bearish breakout and offer a potential sell entry.
3. Bearish Targets:
If the breakout materializes, initial bearish targets could be found at the support levels of 89.56 and 89.20.
4. Resistance Level:
The resistance level at 90.40 may act as a barrier to further upward movement, reinforcing the potential for a downside breakout.
5. Risk Management:
A stop-loss order could be placed above the upper resistance line of the triangle to manage risk in case the breakout fails.
Fundamental Updates :
Weaker New Zealand Trade Data: New Zealand's trade deficit widened in December, potentially weakening the Kiwi Dollar against the Yen.
Risk Aversion: Recent geopolitical tensions and concerns about global economic growth could trigger risk aversion, pushing investors towards safe-haven currencies like the Japanese Yen.
Thank you
NZDJPY Will Go Higher From Support! Long!
Here is our detailed technical review for NZDJPY.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 90.081.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 90.560 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 90.156 level.
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NZDJPY H4 | Potential bearish momentumNZD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 90.123 which is a pullback resistance.
Stop loss is at 90.580 which is a level that sits above a pullback resistance.
Take profit is at 89.709 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.
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Sell NZDJPY Triangle BreakoutChina economic data: China is due to release its Q4 GDP data on January 17, 2024. Strong data could boost risk appetite and support the NZD. However, weak data could lead to further risk aversion and put downward pressure on the NZD/JPY.
Sell NZDJPY Triangle Breakout
NZD/JPY - M30 Chart - Price Breaks the pattern now.
its good chance to sell now.
Thank you.
NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
NZD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 89.683.
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NZDJPY - 1000pip Swing Trade ✅As you all know, we don't mess around when it comes to swing trades. We've identified yet another massive swing opportunity for you!
We are currently in a 5th wave, which is appearing as an ending diagonal. We are looking for one more move higher (5th wave of the diagonal) to complete the ending diagonal. It's important to note that this final wave can either fall short or extend beyond the parameters of the diagonal. Therefore it's imperative to play what you see and have confirmations in place rather than entering blindly.
Trade Idea:
- Watch for the final wave to complete near the outer perimeters of the diagonal
- Draw an entry trendline or look for BOS on lower timeframe
- Enter once confirmations have been met, with stops above the highs
- Targets: 87.5 (500pips), 84.5 (800pips), 81 (1150pips)
Goodluck and as always, trade safe!
NZDJPY Next movement, Buy opportunity 90.10 and 89.75NZDJPY Already done with +50 pips according to analyze. Next movement,
Buy opportunity 90.10 and 89.75
Target will be Depends on entries. Each Trade 100 - 150 Pips ( 91.15 )
Wait for confirmation....................
Key level Support 88.64 H4
Key level Pressure 91.51 H4
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according with your free margin
NZDJPY Will Grow! Long!
Take a look at our analysis for NZDJPY.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 90.662.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 90.910 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDJPY: Top-Down Analysis & Trading Plan 🇳🇿🇯🇵
NZDJPY broke and closed above a key daily structure resistance yesterday.
The broken structure turned into support.
After a violation, the pair became overbought and we see a correctional movement at the moment.
The price is steadily falling within a bullish flag pattern.
Your bullish confirmation will be a breakout of the flag's resistance.
Let the candle close above that, that will indicate the strength of the buyers.
A bullish continuation will be anticipated at least to 90.9 level then.
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NZDJPY BUY ANALYSISOANDA:NZDJPY Overall structure based on the weekly, daily, 4h and 1h is bullish with price having broken above the 90.500 daily resistance and retesting as 90.500 daily support with price also retracing at 38,2% Fibonacci retracement level at the same 90.500 daily support. The bullish engulfing candlestick on the 4h is an overall strong confirmation to go long on NZDJPY