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Nzdjpy!!

NZDJPY - EASY 400pip Trade Setup!NZDJPY has recently completed its bullish wave and now we are in bearish territory. We can see that we're in wave 2, which is an ABC correction. We have a leading diagonal for Wave A which we've almost completed. We're looking for one more move up to complete the leading diagonal and then we'll be looking for a big SHORT. Trade Idea: - Watch for price to move up once more to reach the 618 fib and leading diagonal resistance - Risk entry on rejection of the above - Safe entry on break of the red trendline - Targets: 83 (250pips), 81.2 (420pips) We may bounce off the structure level for a Wave C so do keep an eye out for the bounce! Goodluck and as always, trade safe!
by WicktatorFX
1
NZDJPY bullish continuation 02 Mar 2023I don't think I need to explain what I am saying, my H2 chart says it all. Briefly, I see 2 impulsive bullish moves followed by a period of consolidation. A breakout from the current equidistant channel should see the next bullish move. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
NJ D Bullish Idea 1/29/23NJ has a lot going on right now. But it is creating a rising wedge on the Daily time frame. So for one trade this week I am looking for price to break the resistance zone, retest it, and continue to take out 12/13/22 highs. This area is also the 2022 highs for NJ. Even if you just catch an entry on the smaller time frame at the break of the zone you can get a good 40 pip buy up to the 50% area of the D FVG that price is currently in. So there are several bullish entries that can occur from where price currently is right now on the Daily.
Long
by cecedidit
3
NZDJPY Potential UpsidesHey Traders, in today's trading session we are monitoring NZDJPY for a buying opportunity around 84.2 zone, as we see on the 4h time frame the pullbacks are extending and approaching the major up trend, i will be watching the price action around the supply and the demand zone to watch rejection confirmation... and i would also confirm this trade by taking a look at the stock market since we have a positive correlation between indices and NZDJPY. Trade safe, Joe.
Long
by JoeChampion
3
NZDJPY - 4hrs ( Buy Trade Target Range 250 PIP ) 💲Pair Name : NZD/JPY 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 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 ( ↗️ Long ) Type : Mid Term Swing ——————————— 🔰Bullish Break 84.300 area Reasons 🔘- Major turn level 🔘- Visible Range poc 🔘- Fixed Range Hvn 🔘- inner Channel Break 🔘- Day / week High Break 🔰Bearish Reversal 87.000 Area Reasons 🔘- Pattern Target 🔘- visible Range hvn 🔘- 3 Q / 2 Q High Area 🔘- Major W Turn level 🔘- Fixed Range Poc
Long
by GentleGoldenEngine
4
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at the 89.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
We could have an opportunity to earn BIGIf you have been reading my analysis, you would know that I have my eyes on NZDJPY and waiting to long it to the completion of the Head and Shoulders formation that completes at 86.23. Previously, I was waiting for the completion of the Bullish Bat Pattern, which I knew chances were slim(links within the TradingView post). Now, another opportunity presents itself. The better way is the wait for a retest on the 1-hourly chart at 83.65 and wait for a Double Bottom with an RSI Divergence before engaging the buy; should the market go above the red line and close above 84.26, I would wait for a retest and recent support to long NZDJPY.
Long
by RaynLim
6