Buy NZDJPY 02/04/2024I am long NZDJPY at market
SL: 90.09
TP: 92.77
I am only sharing my trades, not recommendation to enter the markets.
NZDJPY trade ideas
NZDJPYNZDJPY is in a downtrend. marking a trendline on lower highs indicates the price will either touch the trendline and reject from there or will continue its downtrend from here. therefore we can see for a potential short trade.
NZDJPY to form a lower high?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Rallies should be capped by yesterday's high.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 90.60.
We look to Sell at 90.60 (stop at 90.84)
Our profit targets will be 90.00 and 89.85
Resistance: 90.60 / 90.80 / 91.10
Support: 90.20 / 89.90 / 89.60
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.
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NZDJPYNZDJPY is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
NZDJPY Channel Up Buy SignalThe NZDJPY pair is on a Bearish Leg of the long-term Channel Up, below the 1D MA50 (blue trend-line) but above the 1D MA200 (orange trend-line), which is the long-term support. In fact the latter has been holding since June 02 2023.
The minimum Bearish Leg decline within this pattern has been -3.77% so having almost completed this fall during the current pull-back, we now turn bullish on this pair, targeting 94.500 (+5.44% rise, which has been the minimum % increase of Bullish Legs within this pattern).
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NZDJPY Uptrend still our friendOn higher time frames we can identify which direction we're currently in. I'm entering due to market structure shift and change of character on our lower time frame (5 min). Around 90.577 there is liquidity which will be a target at some point and a supply zone. My entry @90.220, TP @90.577. Good luck!
NZDJPY ____ INCOMING BULLISH MOVEHello Guys,
This pair created a swing low just above the weekly orderblock, it rallied inducing early buyers now it has retraced into the weekly orderblock.
I like the look of the monthly & weekly timeframe structures and I'm biased that this pair will rally this month.
Endeavor to keep this pair on your radar.
Follow for more updates like this.
Cheers,
Jabari
✅NZD_JPY NEXT MOVE|LONG🚀
✅NZD_JPY will soon hit
A long-term rising support line
While trading in an uptrend
So we are bullish biased
And we will be expecting
A bullish rebound
LONG🚀
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NZDJPY - Bearish TrendNZDJPY in declining phase with sell limit through fib (90.360), SL and TP 1 & 2.
NZDJPY - ShortBearish Trend which is respecting the trend line. Looking to take trade at 0.38 Fib Level.
NZDJPYThis Weekly FORECAST
Opportunity for NZDJPY. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
NZDJPYI saw the pair bounce off a couple of times on that trend line.
definetly, we hope for a buy
trade safely
leave your opinion on the comment
trader ernest
NZDJPYprice couldnt break below the zone highlighted below
so im expecting price to go higher, to the zone or order block that started the move
trade safely
leave me your opinion in the comment
trader ernest
NZDJPYWe looking for buying opportunities as the market has broken the falling wedge resulting in confirmation of buys since the market is respecting the support zone-1H TIMEFRAME
NZDJPY - Falling Wedge Breakout - Bullish ReversalOANDA:NZDJPY has broken a falling wedge, which is a bullish reversal pattern. Bullish divergence can also be seen at the last 2 lower lows, indicating imminent bullish price action!
NZD/JPY Trade Setup: Navigating the Fibonacci SequenceDaily Chart Analysis:
The daily timeframe for OANDA:NZDJPY shows a pair trading within an established uptrend, guided by a rising trendline. Recently, we have seen the price retrace to the 0.75 Fibonacci level at 90.679, which may serve as a potential launchpad for the next leg up. Above, an unfulfilled Fair Value Gap (FVG) looms, hinting at a target for bullish price action.
4-Hour Chart Details:
The shorter-term 4-hour chart gives us a more granular view of the price hugging the 0.75 Fib level, displaying hesitation within this zone. This consolidation is key to our strategy, as a breakout could indicate the continuation of the upward trajectory.
Trade Idea and Levels:
Entry Point: We're eyeing the 0.75 Fib level (90.679) for a possible entry, watching for bullish confirmation in the form of a 4-hour candle closing above this zone.
Stop Loss: A stop loss could be placed below the trendline and recent swing low at 90.170 to protect from any unexpected reversals.
Take Profit: The primary target resides at the next significant FVG around 92.204, with potential to extend gains if bullish momentum persists.
The NZD/JPY pair's adherence to Fibonacci levels and FVGs presents a structured approach to catching the next wave. As we wait for confirmation, we keep a close eye on macroeconomic factors that could sway JPY pairs.
✅NZD_JPY BREAKOUT|SHORT🔥
✅NZD_JPY broke the rising
Support and the breakout is
Confirmed so after the pair
Retests the broken support
I believe we will see
A further move down
SHORT🔥
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NZDJPY: Bearish Continuation Now Confirmed?!I am observing the NZDJPYJPY pair and believe there are clear indications of a bearish trend continuing on the 4-hour time frame.
A significant head and shoulders pattern has formed, with both the neckline of the pattern and a rising support trend line being breached.
I predict a downward movement in the near future with target levels at 90.19 and 89.92.
NZDJPY: Maintaining Above 1D PP Crucial for Bullish GrowthHello Everyone,
It's crucial for NZDJPY to maintain a level above the 1-day Pivot Point to sustain bullish momentum. Failure to do so could lead to retesting of both daily and weekly support levels. However, the long-term outlook remains bullish, making NZDJPY a favorable investment choice.
TradeWithTheTrend3344
NZDJPY: Bullish Continuation & Long Trade
NZDJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy NZDJPY
Entry - 90.517
Stop - 90.285
Take - 91.000
Our Risk - 1%
Start protection of your profits from lower levels
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