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Nzdjpyshort

NZD JPY - Potential double topBased on the analysis, the NZD JPY is forming a bearish candle after reaching the level of previous higher high. It could lead to a double top pattern, indicating that that it is likely to reverse its trend. Additionally, there is a divergence being formed on the Relative Strength Index (RSI), which further confirms the potential for a reversal. The neck line break will further confirm the potential new downward trend, at which point we can consider shorting the pair. The analysis suggests that the market is likely to experience lower lows in the coming period, and we can consider shorting the pair if following conditions are met: 1. A break in the neck line 2. A new higher high is not made
Short
by dawoodabbas26
NZDJPY trend of higher lows has been broken.NZDJPY - 24h expiry - We look to Sell at 83.00 (stop at 83.40) Previous support located at 82.25. Previous resistance located at 82.75. Broken out of the triangle formation to the downside. We look for a re-test of the upward trending resistance. A move through 82.50 will confirm the bearish momentum. Our profit targets will be 82.00 and 81.80 Resistance: 82.75 / 83.00 / 83.50 Support: 82.25 / 82.00 / 81.50 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.
Short
by OANDA
NZDJPY to breakdown?NZDJPY - 24h expiry - We look to Sell a break of 82.75 (stop at 83.15) Previous support located at 82.75. Previous resistance located at 83.25. Broken out of the triangle formation to the downside. A break of yesterdays low would confirm bearish momentum. A move through 82.75 will confirm the bearish momentum. Our profit targets will be 81.75 and 81.50 Resistance: 83.25 / 83.50 / 84.00 Support: 82.75 / 82.00 / 81.50 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.
Short
by OANDA
Sell NZDJPY SW 040423 15.10📌📌Signal Sell NZDJPY📌📌 Link : 📍📍Open order 83.5 Sell lim 1 83.75 Sell lim 2 84 Sell lim 3 84.3 Sell lim 4 84.55 Sell lim 5 84.8 Sell lim 6 85.12 Tp 82 Sl 85.45 Warning !!! (Swing trade must be used pending orders) !!!Pending orders should be set up lot size step by step Example (15,000$) Open order 0.1 lot Buy lim 1 0.15 lot Buy lim 2 0.20 lot Buy lim 3 0.25 lot Buy lim 4 0.30 lot Buy lim 5 0. 40 lot Buy lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot Example (3,000$) Open order 0.04 lot Buy lim 1 0.05 lot Buy lim 2 0.06 lot Buy lim 3 0.07 lot Buy lim 4 0.08 lot Buy lim 5 0.10 lot Buy lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot !!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
Short
by Maximus_Provider
2
Seeking Pips NZDJPY Short again NZD Sell JPY buy longHaving taken our last portion off the table last week during our anticipated low of the week which was made last Friday 16/03/23 we decided to add back half our original position size back at 82.500 early this morning UK time in anticipation of price trading below last Fridays low made on 17/03/23 We are initially targeting last weeks low. The low of the year made in the first trading week looks like a good target too. Also although our SL stop loss level on this trade is smaller and lower around 150pips from our initial trade thesis we do not plan on exiting this one early if price does end up trading above the daily high put in so far today, by adding only half of our original position size from last week we are using initial profits from last weeks trade. We will consider a reentry higher if a signal develops again later in the week. If that low fails and price doesn't reject it NZDJPY could really look to flush out. We remain BULLISH on JPY and so are looking at any weaker currency's to short against it. ======================================================================================================================= PLEASE DO SUBSCRIBE IF YOU APPRECHIATE THE WORK THAT WE SHARE ON THIS PLATFORM =======================================================================================================================
Short
by seekingpips
1
NZD/JPY strong sell off after M Formation -Thanks to Smart MoneyInitially, NZD/JPY formed an Ascending triangle. We had 1 Confirmed break above, showing upside was coming. However, it was a fake out and a shakeout. Fakeout in a way that it spooked the buyers as the price went out. Shakeout as in Smart Money came in and sweeped liquidity (Buy side liquidity). This resulted in a major sell off... And so, the M Formation was created. 200>21>7 - Bearish RSI<50 -Bearish Target 79.50 As traders it's our job to swallow our ego and move with the markets when they change trend. There is no place for ego with trading.
Short
by Timonrosso