Nzdjpy!!
NZDJPY rallies continues to attract sellers.NZDJPY - 20h expiry - We look to Sell at 85.00 (stop at 85.75)
Previous support located at 83.00.
Previous resistance located at 84.50.
The sideways consolidation continued although the market managed to post a significant high at 85.00.
Risk/Reward would be poor to call a sell from current levels.
A move through 83.50 will confirm the bearish momentum.
Our profit targets will be 82.50 and 82.00
Resistance: 84.50 / 85.00 / 85.50
Support: 83.00 / 82.50 / 82.00
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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NZDJPY thesisHope you are having a great week so far, This is how i'm currently looking at NZDJPY pair; Trading within support and resistance formation. Price broke structure within that S&R and has potential to trade lower. I'm currently waiting for a 1H bearish set up to go short. What's your thought on this pair?
NZDJPY: Weak Market & Bearish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDJPY chart which, if analyzed properly, clearly points in the downward direction.
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NZDJPY - Combo TradeWe could be a bit early for this 5-0 Pattern trading setup. That is because the daily chart has not confirmed; the candlestick pattern confirmation is required.
I pull the trading confirmation of the 1-hourly chart. This is a trading management I've been using and refining for the past 5years.
There are 2 kinds of trading management for the such combo.
ComboTrade - Valid trading setup off the higher timeframe, but we engaged the trade on the smaller timeframe
UpsizeTrade - Valid trading setup on the smaller timeframe and final target stretch to complete the higher timeframe.
Both are high-risk trade management, which means the chances of stop-loss being hit are higher, but the profit factor(reward) is amazing.
Of the two selections, upsize trade has the higher risk.
Selling into NZDJPY positive momentum?NZDJPY - 24h expiry - We look to Sell at 85.00 (stop at 85.75)
Previous support located at 84.00.
Previous resistance located at 84.50.
Indecisive price action has resulted in sideways congestion on the intraday chart.
A move through 84.00 will confirm the bearish momentum.
Our profit targets will be 82.50 and 82.00
Resistance: 84.50 / 85.00 / 85.50
Support: 84.00 / 83.00 / 82.50
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NZDJPY approaching key resistanceNZDJPY - Intraday - We look to Sell at 85.00 (stop at 85.75)
Previous support located at 84.00. Previous resistance located at 84.50. Indecisive price action has resulted in sideways congestion on the intraday chart. A move through 84.00 will confirm the bearish momentum.
Our profit targets will be 82.50 and 82.00
Resistance: 84.50 / 85.00 / 85.50
Support: 84.00 / 83.00 / 82.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
NZDJPY potential LONGInstrument: NZDJPY
Chart pattern: Bearish Butterfly
Optimal technical indicator: Ashi Candle
Current signal of optimal tech indicator: LONG
Optimal technical indicator win-rate: 52%
Days for backtesting: 1501
Timeframe for backtesting: 1D
Price at the time of forecast: 84,2700
Enter point: 84,2700
Take-profit: on chart
Current trailing stop-loss: on chart
Multiple for stop-loss strategy model: ATR(14) x 0,6
Average trades per month with optimum technical indicator: 6
Average time for 1 trade with optimum technical indicator: 4
Average profit per 1 trade: 0,15%
Projected annual return w/o leverage: 15,0%
Technical analysis applicability for 3325 technical strategies: 100%
Technical analysis recommendations:
Long: 35%
Short: 57%
Neutral: 7%
Stable long-term profit for FOREX, CRYPTO, Equity based on backtesting optimization algorithm. Instant analysis of 3.3K technical strategies
NZDJPY NEVER ENDING SIDEWAYSNZDJPY has been stuck in this sidewards range now. We printed a double bottom and a more rare triple top however price is now approaching the top for the 4th time with the JXY currency index retreated to the bottom trend line of its up trend but no break down. I am looking to see if we break to the upside which is prefered but if we reject i will sell this for a triple bottom of potential for it to fall to the daily support
NZDJPY SWING TRADE🔔 Alternative Traders Signals 🗣
Short: NZDJPY 📈 SWING-TRADE
Entry: Sell Stop Order💰
SSO: 82.876
SL: 78.453
TP: 84.892
+442pips profit if you get in at Sell Stop Order price🔑
-201pips market stop-loss from entry.
FX:NZDJPY
Apply proper money and risk management and enter at your own risk