NZDJPY Short set upThis is the NZDJPY set up for selling. It needs to break the neckline to reach TP.
GL.
NZDJPY trade ideas
NZDJPY: Weak Market & Bearish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDJPY pair price action which suggests a high likelihood of a coming move down.
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NZDJPY possible dropAfter price impulsed to the upside to take out previously formed trend line liquidity, it preceded to break structure to the downside to continue with its bearish trend. We see a similar impulse happening that takes out recently formed trend line liquidity. This impulse quickly reverses after tapping into an extreme supply zone that was formed during the bearish push. It then gave us a confirmed change of character on lower time frame. Zooming in, we find that price has currently formed liquidity that it could use to fuel its move further to the downside after filling in some imbalance, taking out our recently formed low and its liquidity.
NZDJPY, Bullish trend. NZDJPY / 1D
Greetings, traders! Welcome back to another market analysis.
The NZDJPY pair has been following a bullish trend, with the price indicating signs of strength in the last week. This breakout suggests the possibility of further upward movement. I intend to consider entering positions at lower prices following confirmation of the lower time frame during the next pull-back phase.
Trade safely,
Trader Leo
NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are going short on the NZD/JPY with the target of 90.541 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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NZDJPY: Bullish Outlook PrevailsHello Everyone,
To sustain further upward movement in NZDJPY, it's crucial for the price to maintain a steady position above the monthly pivot point (1M PP). Notably, resistance levels at 91.152, 92.168, and 95.215 should be closely monitored.
Despite a growing bearish sentiment, particularly evident on higher timeframes, our outlook on NZDJPY remains bullish for the long term. We maintain a bullish stance within daily to yearly timeframes. Although prevailing sentiment suggests a potential shift towards bearish trends, this hasn't materialized yet. Present indicators continue to signal the potential for continued upward momentum.
TradeWithTheTrend3344
BUYThe Market is going down for a deep retracement , we expect price to take recent liquidity, tap into the Bullish Breaker before reacting ..
NZDJPY Possible Short Position1h - ReEntry
15m- 50 EMA Rejection + Extreme Sell
5m- wait for CSAK + Retest in MAHILO
Note:
*in this analysis I'm waiting for Extreme in 15m to enter a trade
* Cancel trade or cut-loss when candle close above MAHI in 1h
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
NZDJPY IS PRINTING DOUBLE TOP NZDJPY is printing double top with bearish divergence which is sign of reversal my trade plane is mention in chart
NZDJPY Looking to sell Iv definitely going against the trend here but i trust my strategy, sell it is
NZD/JPY- Bearish trend: Overall downward movement in the price of a financial asset.
- Higher low: Despite the bearish trend, each low point reached by the price is slightly higher than the previous one.
- Lower low: Each low point in the price is lower than the previous one, confirming the continuation of the bearish trend.
- Trend line resistance: A trend line drawn along the highs of the bearish trend acts as resistance, preventing significant upward movement when approached from below.
Buying NZD/JPY (New Zealand Dollar vs Japanese Yen)OANDA:NZDJPY NZD/JPY: Bulls Hunting in the Land of Samurai and Kiwis!
Looking for a chance to grab some pips in the forex market? Take a trip to the land of samurai and kiwis and long NZD/JPY at 90.609 for a potential sweet reversal!
Prediction:
A break above 90.609 could trigger an upward spiral for NZD/JPY.
First target is 91.500, followed by 92.200 - be ready to lock in profits at these levels!
Remember:
Watch out for the market whales! Stay tuned for economic news and events.
Manage your risk wisely. Don't go all-in - enter with a small position size.
This is just a suggestion, always do your own research before entering any trade.
Is NZDJPY In Falling Wedge, Or Is Something Else Building Up?Looking at the short-term technical picture of EASYMARKETS:NZDJPY , from around mid-March, the pair is trading inside a falling wedge pattern, which tends to be a bullish indication. Additionally, the rate continues to trade above a short-term upside support line drawn from the low of July 2023. Despite these indications to the upside, in order to aim higher, we would like to wait for a violation of the upper side of the aforementioned wedge first.
If that happens, we would aim for the 91.21 obstacle, or even for the 92.20 zone, marked by the highest point of March. If the buying doesn't stop there, the next possible target might be at 93.45, which is the current highest point of this year.
Alternatively, a break of the lower side of the previously mentioned wedge and a drop below the upside line could attract more sellers into the game. EASYMARKETS:NZDJPY may then travel to the 89.26 obstacle, a break of which could set the stage for a move to the 88.64 level. That level marks the current lowest point of this year. If it fails to provide support and breaks, this move might clear the path to the 87.67 zone, which is the lowest point of December 2023.
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NZDJPY Analysis of PreferForexNZDJPY is in bearish bias, it has broken the recent bearish market structure at 90.35 level. The price is now retracing back to the upside. There is an unmitigated strong point of interest (POI) at the 90.90 level, and it is advisable to wait and observe how the price reacts at this level. A bearish continuation movement is expected if the price reacts to this zone.
NZDJPYHere we have A beautiful head and shoulders, now we got our breakout and retesting, look for a momentum shift, then look for sells.
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.
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
