NZDJPY BREAKER BLOCK ENTRY M15 On NZDJPY, we have a bearish setup following yesterday's rally. As the price rose, it created a breaker block around the 0.8913 area. This will be our entry point for a long position with a target at 0.8966. The breaker block was formed on the M15 timeframe when the price broke out of the previous supply zone. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings and have a great day of trading from Nicola, CEO of Forex48 Trading Academy.
Nzdjpy!!
NZD/JPY: Riding the Bullish Channel for Long Trade OpportunityThe NZD/JPY currency pair has been exhibiting a consistent upward movement within a bullish channel. This upward trajectory has been punctuated by multiple instances of the price rebounding off the dynamic trendline. As a result, our bias remains strongly inclined towards a new long trading opportunity.
Finally, Shorting Opportunity📉 After a week of waiting, the market has finally retested my preferred entry price for a short position on the Bearish Crab Pattern(daily chart), which complements the Bearish Shark Pattern(weekly chart) at the 88.50 level. Check out the link article in the TradingView post for a refresher on last week's discussion.
💼 Trading is all about minimizing initial stop-loss and maximizing profits sensibly.
🔄 A retest of the key resistance level at 88.60 on the 1-hourly chart would confirm this trading idea for me.
🔝 This trade holds the highest priority for me in the upcoming week.
Share your highest priority trade for the week! 📊💭
NZDJPY to see a fakeout?NZDJPY - 24h expiry - We look to Sell at 88.25 (stop at 88.75)
Broken out of the wedge to the downside.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 87.50 will confirm the bearish momentum.
Short term RSI has turned negative.
Our profit targets will be 87.05 and 86.85
Resistance: 88.00 / 88.25 / 88.50
Support: 87.50 / 87.25 / 87.00
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NZDJPY - 4hrs ( Sell Trade Target Range 160 PIP ) Pair Name : NZD/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Retest
88.000 Area
Reasons
- Major Turn level / D
- Visible Range hvn
- Choch Area
- Pattern Break Out
- Day / week low break
Bullish Reversal
86.000 Area
Reasons
- Major Turn level / D
- Visible Range Value
- inner Pattern Target
- Choch Area
- Fibo Golden
- Fixed range poc
NZD/JPY Very Interesting Short Setup To Get 300 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
✨ ADD-ON: NZDJPY ✨ AGGRESSIVE SHORT (2D) ✨TIMELINE
00:00 Intro
00:52 DCA Entries, TPs, SLs
03:48 Technical Analysis for Novices
08:20 Technical Analysis for the Pros
10:55 BIG PICTURE (21D)
12:27 Boost, Follow, Comment, Join
-SL @ 90.00 🚫
SLO2 @ 89.33 ⏳(21D)
SLO1 @ 89.00 ⏳ (2D)
SSO @ 88.33 ⏳ (2D)
TP1 @ 87.80 (shaving 25%)
TP2 @ 86.80 (shaving 25%)
TP3 @ 86.15 (shaving 25%)
TP4 @ 84.90 (shaving 25%)
TP4 @ 1.1475 (closing ALL Sell Orders)
TECHNICAL ANALYSIS
A few oscillators appear to be showing some bearish momentum on the NZDJPY chart. For example, the Relative Strength Index (RSI) is NEUTRAL, which is a sign of bearish momentum. Additionally, the Stochastic Oscillator is also NEUTRAL at its 14-day moving average, which signals increased distribution. Both are hinting towards selling pressure.
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✨ NEW: NZDJPY ✨ BIG PICTURE (14D) ✨🗣 SHOUT OUT TO @Vick_NZ for recommending I re-analyze this pair.
-SL @ 94.50 🚫
SLO @ 89.33 ⏳
TP1 @ 79.75 (shaving 25%)
TP2 @ 71.50 (shaving 25%)
TP3 @ 65.50 (shaving 25%)
TP4 @ 56.25 (shaving 25%)
SUPPORT @ 54.00
BLO @ 48.55 ⏳
BLO2 @ 77.85 ⏳
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NZDJPY possible bounceAfter the failure of a previously established supply zone, price preceded to form liquidity at the top of market structure. It then retraced and retested an established demand zone, expanding away with momentum. This lead to a break of structure, which confirms our continuation to the upside. This has now presented a potential opportunity to enter long on demand zone that has currently formed and awaits mitigation.
Trend Doesn't Matter!!I'm not saying that trend isn't important, but on this particular trade, it is NOT.
And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign.
My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the actual move.
Why this Crab Pattern?
It coincides with the Bearish Shark Pattern on the Weekly Chart.
If you want a buying opportunity, a magic candle confirmation 87.21 on the 1-hourly chart will allow you to engage the trade. Gartley Pattern is the first pattern that was discovered. What makes this Bullish Gartley Pattern interesting is that the completion falls on the Key Support Level on the Daily Chart, marked as the Blue Horizontal Line, indicating a Key Support Level.
This is both amazing and disturbing to see for both traders.
What's your take on the NZDJPY?
NZDJPY to 0.895 obviouslyAnd yes, I said "obviously" on the title to clickbait you. Nothing more than that. Haha. Anyways.
Hey Traders! 👋
For Day 37/100 of our challenge, we will look at an update on our data-backed NZDJPY long idea we sent out two days ago
Technicals: (update to tagged idea)
- 0.97 pivot area successfully rejected
- Made an impulse move to 0.882
- Expecting long signals around current level
- Target remains 0.895
- Invalid if 0.868 is breached
That's it for today.
Were you able to catch the BTCUSD trade idea I have (tagged below)? That was a fun catch
Like and follow for more. Visit our profile to see more ideas that are still valid for the week
Thanks!
NZDJPY to find buyers at current swing low?NZDJPY - 24h expiry
Previous support located at 87.50.
Previous resistance located at 88.00.
There is no clear indication that the upward move is coming to an end.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.00 will confirm the bullish momentum.
We look to Buy at 87.05 (stop at 86.5)
Our profit targets will be 88.25 and 88.50
Resistance: 88.00 / 88.35 / 88.50
Support: 87.50 / 87.00 / 86.50
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GBP/USD, AUD/JPY, NZD/JPY and USD/JPY on watch for me today.GBP/USD:
• If price pushes up to give us a confirmed second top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up to give us a confirmed second top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
AUD/JPY:
• If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
NZD/JPY:
• If price pushes down to give us a more horizontal pair of bottoms and then it pushes up to and ideally just above our rayline, then so long as the last part of this move up is corrective I'll be looking to get short with a risk entry after a phase line break on the one hour or the fifteen minute chart.
• If price pushes down to give us a more horizontal pair of bottoms and then it pushes up to and ideally just above our rayline then so long as this move up is impulsive I'll be awaiting an impulse back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
USD/JPY:
• If price pushes up to and ideally just above our higher time frame rayline, then regardless of how it does so I'll be waiting for a convincing push back down below both it and the lower ascending trend line of the corrective channel to the left followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
NZDJPY - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
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