90.200 A must hold level for bulls?Planning on taking a LONG Trade on the retracement.
OFCOURSE, ENTRY SIGNALS must confirm the trade entry
JPYNZD trade ideas
KEEP IT SIMPLE FORGET MY DESCRIPTION AND FOCUS ON THE CHARTHey Traders,
Many are focused on US News that comes this afternoon.
Mostly, that's because a change in inflation can cause a large chance in the decision making for the Central bank in that economic zone.
NZDJPY M30 / Short Trade Opportunity 💲Hello Traders!
- SHORT TRADE EXECUTION -
This is my idea related to NZDJPY M30. I see that the trend is going bearish, and I expect that the PDL or BOSS will be taken. My target is the OB level at M30 tf.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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NZD-JPY Will Fall! Sell!
Hello,Traders!
NZD-JPY is making a
Pullback from the broken
Rising support line which is
Now a resistance and I think
That we will see a further
Move down
Sell!
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Check out other forecasts below too!
NZDJPY H4 | Resistance at 61.8% FiboNZD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 90.252
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 90.713
Why we like it:
There is a pullback resistance level
Take Profit: 89.358
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci projection level
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NZDJPY Weekly BUYS1. Trade idea (@ MGI_Engineering) (💸🤑❤️🔥)✅
2. Break Of Structure (4hr✅ & 5min)
should be same direction with idea)...?✅
3. 1st & 2nd Sellers Kill zones...?
4. 5min Order blocks & ABCDE /ABC Pattern?
5. (a) Price Actions ?✅
(b) 4hr flip sells ?
6. Time to take the trade?
7. After a 30 min Candle close?
8. Candle structure? .....
BEARISH ENGULFING CANDLE(time?)
9. ABCDE/ABC & Cloud EMA ?
10.Stop loss ....... pips .......% of ..... usd
11. Sellers activated in 5min & 15min candles by
(a) UT alerts colour (30min candle)
(b) Cloud moving averages
(c) Lines of openings & kill zone
(d) Pushing a Session Full color box
(Trade 1)
(Trade 2)
NZDJPY Buy Trade IdeaI think with the shift in market structure, it confirms the reversal and we are now headed into a buy program, aiming for the BSL.
SELL NZDJPY Bearish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure.
Sell Entry: Consider entering a short position around the current price of 89.95, which sits close to the channel resistance. This could offer an entry point near a potential reversal point.
Target Levels: Initial bearish targets lie at the support levels of 89.30 and 88.92, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 90.30. This helps limit potential losses if the downtrend breaks unexpectedly.
Fundamental Updates :
JPY - Service PMI - Now comes with Positive data.
Weaker New Zealand Business PMI: Recent data showed a decline in New Zealand's Business PMI for January, raising concerns about the country's economic health and potentially weakening the New Zealand Dollar (NZD).
Sell opportunity for AUDJPYMarket has retraced the major imbalance and now created a double top. It also broke Fridays consolidation, and created a new low. After the new lower high is created, wait for it to break structure again (lower low) for stronger confluence. However, you can jump in for a sell at the new lower high. Only reason I won’t is due the macd retracement.
NZDJPY-IN BEARISH TRENDNZDJPY is in a bearish trend in 1h timeframe and printing new LLs and LHs, the price came down with liquidity to hunt above with a proper OB, we can target the LL for our full tp, what do you guys think?
NZDJPY-bias short Bearish indications:
Double top formation.
LLLH
Bearish engulfer candle from resistance .
Resistance at 90.250 is respected.
Trend line resistance respected.
Shooting star candle in 4 hr time frame.
Trade plan bias short @ 90.064
SL:90.317
TP1:89.773
TP2:89.546
Short on NZDJPY full analysisIt's much simpler than it looks...
1. The ascending channel (left) has broken downward.
2. The price went back up in an ascending channel, and tested the breakout.
3. A sharp downward breakout, with an Engulfing candle, creating a descending channel.
The target according to this candle is at 88.923
4. Another Engulfing candle, rising this time from the bottom of the channel, and its target - at the top of the green triangle 90.445
The upper point combines between:
(a) A significant price point (I marked it long before the move happened)
(b) Pullback to 0.786 Fibonacci, which is an excellent correction to the red Engelping candle.
(c) The upper border of the descending channel.
If indeed at the upper point, conditions will be created for shorting - this seems to be an excellent point with a good risk versus profit range.
It is important to note - it is not necessary for the price to rise again to that point, the conditions are more suitable for the short.
90.334 is an important resistance point on the way up.
89.372 is an important support point on the way down.
NZDJPY short move
Price is rising toward our bearish order block of 90.198 a pullback resistance that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 89.374.
If price breaks above the pivot, it could rise to 1st resistance at 90.36, a swing-high resistance level.
Testing Lows: Anticipating Bullish MomentumHello Everyone,
We anticipate a test of either the one-week low or possibly the one-month low before witnessing a bullish continuation.
TradeWithTheTrend3344
NZDJPY Breakout and Potential retraceHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 90.400 zone, NZDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 90.400 support and resistance area.
Trade safe, Joe.
A Successful Long Trade on Bullish Butterfly PatternThose who went long on the NZDJPY Bullish Butterfly Pattern might have profited more than 100 pips (~1,000 USD/lot).
The trader suggests waiting for a Type 2 Butterfly Pattern at 89.35 or a retest of support at 89.73 for a counter-trend buying opportunity.
What's your trade plan for NZDJPY?
✅NZD_JPY WILL GO DOWN|SHORT🔥
✅NZD_JPY is retesting a
Broken wedge and after
That I will be expecting a
Bearish move down
SHORT🔥
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NZDJPY: Bullish Continuation & Long Trade
NZDJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy NZDJPY
Entry - 89.408
Stop - 89.052
Take - 90.242
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
NZDJPY: After BOJ...NZDJPY: After BOJ...
Following the January policy meeting, the Bank of Japan (BoJ) left policy settings unchanged as expected. The interest rate and the 10-year Japanese government bond yield target are maintained at -10bps and 0%, respectively. The BoJ also held the yield curve control (YCC) strategy steady by allowing 10-year government bond yields to move up to around 1.0% - as repored by fxstreet
For the moment JPY pairs reacted bearish. Everything was according to the expectations.
We can see the bearish wave to begin again not because the BOJ is taking further steps but because the market is waiting again for BOJ to do any big sell again as they did during the previous month.
For the moment the pattern is bearish.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NZDJPY short movePrice has retrace to our bearish order block and reacted bearish and from the current price level i will like to see price continue to move downward towards our 1st support level,
NZDJPY GBPJPY SHORTretested up, pair is heading down. following USDJPY. going short here on Peak here would be catch to daily short , would be GEM
Cheers,
✅NZD_JPY SWING SHORT🔥
✅NZD_JPY broke out of
The narrowing wedge pattern
And the breakout is confirmed
So we will be expecting
A bearish continuation
SHORT🔥
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Short in NZDJPYI am currently in a short position on the NZDJPY currency pair. This decision is based on the technical and fundamental analysis I have conducted, which indicates that the price has reached a key supply zone.
Upon careful observation of the chart, I have identified that the price has reached a significant resistance level, suggesting a high probability that the bearish trend will continue or even intensify. Furthermore, the technical indicators support this outlook, showing bearish divergences and signs of bullish exhaustion.
Additionally, considering the fundamental landscape, the Japanese economy exhibits signs of strength, while New Zealand's economy is in a relatively weaker position. This could translate into increased demand for Japanese yen and downward pressure on the New Zealand dollar.
In conclusion, my current strategy involves maintaining a short position on the NZDJPY, capitalizing on the supply zone and the technical and fundamental signals that support a bearish trend. I will closely monitor market movements and adjust my trading plan accordingly to maximize profits and effectively manage risks.
