A head and shoulder setup after the 127% extension test.Intraday Update: The NZDJPY is developing a head and shoulder pattern with the neckline at 95.40. It's a setup until the neckline breaks. Then bearish. Shortby ForexAnalytixPipczar553
NZDJPY: Time to Buy 🇳🇿🇯🇵 NZDJPY formed a nice cup & handle formation on a strong horizontal support on an hourly time frame. I made a decision to buy the pair after a breakout of the neckline of the pattern. I expect a growth now at least to 96.2 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader5510
NZDJPY dropping soon?After watching and trading this currency pair for months I've noticed NZDJPY is now in an important resistance from 2007 around the price of 97.792 and from that time up to this current day this pair broke out of what seems to be a wedge (ABCDE formation) and a breakout and retest occured between the last few days of April into the first week of May shooting price close to the range of 97.000. It didn't quite reach it and the pair is slowly gaining some bearish momentum. This could possibly be the reversal point now the some bearish order blocks were created on higher time frames such as the 1 hr up to the 4 hr and my RSI shows strong bearish signals. When using the daily time frame volume has been somewhat decreasing even though price was still moving up which means it can collapse changing direction. It would make sense seeing that there are liquidity zones that have not been swept for example 87.741- 87.705 and 80.695- 80.464. In conclusion this is a scenario that may very well happen if price doesn't make a higher high above 97.792 breaking resistance making it support. Price can drop as low as 80.100 and even lower to 68.000 Shortby ProfitPanther222
NZDJPY - SELL Another Example of Un-winding Positions Nothing has Changed as far as Carry Trade goes but this is what they do Probably use latest News from Jappan Consumer Confidence to say "Hey we better Sell" Shortby NZ_Shareman1
Bearish Divergence in NZDJPY pairA bearish divergence is formed in NZDJPY pair in an hourly timeframe. The previous bearish trend reversed after the divergence making new HLs and LLs. The current bearish trend is a good point for shorting.Shortby wakqas122
NZD JPY - ShortNZD JPY is currently in a bullish trend, but divergence has been found there's a possibility of reversal from this zone short entry is recommended after the breakdown of 96.416Shortby MSafwanS2
NZDJPY Hello friends In the NZDJPY currency pair, we see sharp and strong growth. In the formed ceilings we see the divergence. If he pays attention to the trend line which is drawn as support, he can initiate a corrective process if the trend line breaks and pullback to it. To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Shortby M_Gheysvandi10
NZD/JPY - Bearish Sentiments Look for Sell SetupStrategy: -Bullish trend about to end -Bearish Divergance -Sentiments are bearish -Looks for Sell Setup -Setup Trade plan with 1:1Risk Sell Stop: 95.3 Tp1:94.2 SL:96.3Shortby jahanzaibbukhari1
NZD/JPYKey Points of the Double Top Pattern 1. **Bearish Reversal Signal**: Indicates the end of an uptrend and the start of a downtrend. 2. **Two Peaks**: The pattern features two peaks at approximately the same price level. 3. **Trough (Neckline)**: The decline between the peaks forms a support level known as the neckline. 4. **Breakdown Confirmation**: The pattern is confirmed when the price breaks below the neckline. 5. **Trading Strategy**: - **Entry Point**: Enter a short position when the price breaks below the neckline. - **Stop-Loss**: Place a stop-loss order above the second peak. - **Target Price**: The target price is determined by subtracting the height of the pattern (distance from peaks to neckline) from the neckline. Example - **First Peak**: $100 - **Trough (Neckline)**: $90 - **Second Peak**: $100 - **Target Price**: $90 - ($100 - $90) = $80 Summary - **Clear Reversal Signal**: Indicates a shift from uptrend to downtrend. - **Defined Entry and Exit**: Provides clear points for entering and exiting trades. - **Risk Management**: Uses a stop-loss to manage risk effectively. The double top pattern is a reliable tool for identifying bearish reversals and setting up short trades with defined risk and reward.Shortby B9A-88652-NisarAhmad222
NZDJPY: A Buying Opportunity Amidst CautionHey traders! If you're eyeing long XXXJPY pairs, I'd recommend keeping a close eye on NZDJPY. Here's why: - Natural appreciation for NZDUSD could give your trade a boost - Waiting for a retest on the trendline before entering a buy position However, always remember to: - Plan your trade carefully - Be aware of the potential for BOJ intervention without warning Stay vigilant and trade wisely!Longby RaynLim0
DeGRAM | NZDJPY pullback from resistance levelNZDJPY is moving in an ascending channel between the trend lines. Volatility decreased after the second touch of the resistance level. We expect a correction to the support level coinciding with the 50% retracement level of the bullish momentum. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM2211
NZD/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 93.596 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 115
DeGRAM | NZDJPY fibo clusterNZDJPY is creating a harmonic pattern where the D point completes right at the resistance level and fibo golden zone. Price is approaching the previous high, where the market dropped. The market created a kill zone where we have a harmonic pattern, psychological level, fibo extension level, and upper channel boundary. We expect a bearish move from the Fibo cluster zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 117
NZDJPYLooking for a sell opportunity in NJ. Reason to sell: 1. possible of forming head and shoulder pattern in 15 minute chart. Use proper risk management. Thank youShortby joelkurienUpdated 3
Lazy Daily NZDJPY TradeContinued strength of major currencies against the JPY speak to continued bullish move. 1:1 trade, 0.5% risk. Set and forger. Will monitor for additional entries.Longby JeffyT0
NZD JPYchart suggest a double top with clear rsi divergence after a nice uptrend move. Shortby TRADETITANWAQAS112
NZDJPY forming cup and handle patternNZDJPY is forming cup and handle pattern which indicated that price will remain bullish.Longby arslanjaved2120
NZDJPY:06/04/2024 NEW IDEA| Setupsfx|Dear Traders, The Japanese Yen experienced a significant decline last month, reaching a record low as the Bank of Japan refrained from intervening in the market. Consequently, the prices of JPY pairs have exhibited a strong bullish trend. We anticipate that this bullish momentum is likely to persist. In light of this analysis, we have identified an optimal entry point that presents an opportunity to potentially gain 400-500 pips under normal market conditions. However, it is important to acknowledge that there is a possibility of a slight price drop, which could result in the price falling within the middle of the buying zone. Nevertheless, it is also worth noting that the price could continue to rise if the US Dollar Index (DXY) demonstrates any bullishness in the market. As always, we emphasise the importance of risk management strategies when engaging in trading activities. Wishing you a profitable week ahead and safe trading.Longby Setupsfx_Updated 323237
NZDJPY BULLISH TREND REBOUND AREA OF INTERESTThis below is a good area of interest supporting the currently dominant Bullish trend. We have: 1. Fair value Gap 2. 2x break of structure 3. Demand zone Seeing how price has taken out swing high, we would like to go long if pruce returns here. KEEP THIS FOR FUTURE REFERENCE ✔️🌟Longby ZIPHO670
NZDJPY NZDJPY is going down due to massive bearish divergence , we have to enter in market as sell stop and ride the trend ENTRY PRICE SELL STOP 95.02 STOP LOSS 96.13 TAKE PROFIT 93.60Shortby waqarAhmed122
NZD/JPY For Bullish as Swing Tradeyou can go long now or wait for creating higher low at blue arrow and go long expected target 4 is swing target - General Trend is Up - NZD News is Good - Liquidity is perfect have fun :)Longby maxbayne0
RBNZ Statement 5-21-2024Live Trading the RBNZ Statement As discussed I'm not sure if trading view will allow the music we'll see though. Enjoy!Long24:33by JHair201
Short Position on NZDJPYThis is my take on NZDJPY. The pair is overbought and on strong resistance (monthly). The probability is high that the pair will make a pull backShortby Integrity_GoldFX2211