NZDJPY - Intraday Trade (Short)Hi Traders
I have a quick one to wrap up the day. NZDJPY Short with 2.6 RR
Stop loss goes to breakeven as soon as we hit 1R profit!
Good luck :)
Nzdjpyshort
So you wanna SHORT NZD/JPY? Here is why it could get tricky!Hey tradomaniacs,
since Jerome Powell stated that "there is no inflation" the market keeps betting against the FED and tries to poke Jeromes nerves with rising YIELDs.
This is obviously bad for equities, because higher returns provides a great alternative to Stocks, which is causing a strenght for the US-Dollar.
So why could a short NZD/JPY be choppy?
NZD/USD currently reacts so sensitive because stocks are falling. NZD/USD is a risk-on-currency and since correlations have changed in the market almost all majors against USD having very huge standard deviations.
This is basically because the economy improves when US-DOLLAR falls, due to the fact that the provided liquidity, or inflation, boost consume and investments -> Higher grow expectations -> Good for stocks.
Now we got these correlations in the market:
YIELDS and US-DOLLAR rise -> Equities fall
Equities fall -> NZD falls
YIELDS rise -> JPY falls
When NZD and JPY both tend to fall due to the current correlations, NZD/JPY could be the worst NZD-pair to short, or generally to trade.
The best JPY-Pair to trade is currently USD/JPY, as DXY moves up while JPY falls as long as the inflation-worries continues.
Non the less, we could see stop-losses getting triggered and so a fall of NZD/JPY.
Compare NZD/USD to NZD/JPY, and you will se what I mean. :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZDJPY - Final PushI want to see a final push into the previous resistance before we see continued downside.
NZDJPY starting the month under bearish biasThe pair reached a strong level from the weekly realm, acting as resistance; the previous week, the market closed with a bearish pin bar, giving some confirmations for the downtrend movement to come.
Now moving into the intraday domain at H1, the price has failed to form a fresh HH, looking for additional bearish confirmation to place a short entry with a potential R:R | 1:5
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NZDJPY SELL potential Bearish BIAS
Price at a possible resistance level
Ascending channel moving towards the resistance level
Price may come back up for a double top or form a correction after a drop
NZDJPY CLEAR BEARISH ?As we can see
nzdjpy moving forward as a bullish structure
and we know that when bullish trend , the trend also have nature structur
which is impulse , correction , continuation , reversal
as we can see
nzdjpy haven't higher low
so here we see the clear rising wedge pattern and bearish divergence maybe can push nzdjpy to bearish (making higherlow)
however we still need some confirmation like bearish flag at lower timeframe or shooting star on 4H timeframe to execute this pair
NZDJPY 5m SUPPLYI am looking at a SUPPLY zone on the 5-minute chart. The supply zone is greyed because there is a lot of trading happening to the left of it.
NZD/JPY Sell Opportunity nzd jpy is at very strong resistance area and verey soon going back down to those Fibonacci retracement areas which are motioned below
look for bearish confirmations and enter short with your own money management
patience is the key
NZD/JPY could move UP!Hey tradomaniacs,
NZD/JPY just re-tested a strong support-zone and is about to create a H4-Wick 👉
First sign of reversal?
NZD/USD and AUD/USD are both steady with Indicies that failed to break key-support-zones, which is very good for our crosspair-trades.
Market is as expected very news-driven currently and I will wait for the FOMC`s statement as this can change everything, hence it is hard to predict any direction here because the moves could just be corrections.
I will wait for confluence and so high-probabillity-trades.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
NZDJPY Sell 61.8 fib confluence nice and easy down trend multiple swing highs to confirm trend and failure of 61.8 tp at price label stop loss if breaks and close above swings
NZD/JPY Trading in Upward Channel.Hello traders, NZD/JPY is trading at 76.24. The price is trading in upward resistance and support channel and rebounding back from its resistance level. As the price has already rebound back from its resistance level, if it breaks 76.21 price level it can touch support level. So, the entry price for short will be 76.21 first target will be at 75.81 and second target at 75.20.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
NZDJPY is approaching resistance, potential reversal Price is facing bearish from our first resistance where we could see a furhter drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
NZD/JPY short it nzd jpy is now at strong trend line resistance and also very strong supply area
as we can see on technical aspect that it can go the support area which is mention down below
on fundamental aspect new zeeland went under strict lock down so we can expect a smooth fall to the strong structure area
look for bearish confirmation on lower time frames and enter short with your own money management
patience is th key
NZD/JPY Sell opportunity nzd jpy was one of the most bullish pair of 2020.as we can see on higher time frame its over bought and going to complete the w formation of price axction
as we see on H4 than market broke the strong trend line resistance and tried multiple times to broke but rejected.
now market going back to strong demand zone of 74.000 as per Fibonacci retracemnt golden ratios
look for bearish confirmation on lower time frames and enter short with your own money management
patience with discipline can do the magic
patience is the key
NZDJPY / Head and ShouldersLast week I completely looked at this wrong and said its a short without looking at the higher timeframes.. we can clearly see the support and resistance levels on the weekly chart plus a head and shoulders pattern.. this is a long until a key level is touched
NZDJPY New Highs or BustNZDJPY looks ready to rollover and it appears some buyers have gotten trapped above 75.5. I would like this see this pair hunt for some liquidity in either the area of acceptance I have marked as "liquidity zone". Or ideally a push to 72.8+ in search of some of the big buyers who continued to life the rate in December. This would likely play out over the course of 2-3 weeks as choppiness is expected.
NZDJPY short position may be in dangerThis green support zone may hold price and cause it to push back up against our short position. I'm still holding but adjust your trade as you see fit by either tightening the stop loss, taking partial profits, or exiting completely. I'm still holding.
