NZDJPY trade ideas
Correction inside the channelHello friends.
I think we have entered a correction.
seems to have confirmed,
We will probably go down to the midline level at least.
Good luck.
# Let's look simply
NZDJPY Will Explode! BUY!
My dear friends,
Please, find my technical outlook for NZDJPY below:
The instrument tests an important psychological level 90.749
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 91.071
Recommended Stop Loss - 90.560
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
NZD/JPY is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of 91.058.
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NZDJPY - 4hrs ( Buy Trade Target Range 120 PIP ) 💵Pair Name NZD/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
91.050 Area
reasons
- Major Turn level / D
- Fixed Poc Break
- inner Trend Break
- Day / w High Break
Bearish Reversal
92.250 Area
Reasons
- Major Turn level / W
- Pattern Target
- inner Choch Area
- Quarter's High
nzdjpy long term sell coming soonNZDJPY in the all time high supply zone and preparing for a long term sell
but before that happens we need to see a falls breakout and a CHOCH to the downside
Sell NZDJPY Bearish FlagThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish flag pattern. This pattern often indicates a continuation of a downtrend following a brief period of consolidation.
Key Points:
Sell Entry: Consider entering a short position (selling) around the current price of 90.85, positioned near the resistance line of the flag. This offers an entry point close to the perceived continuation of the downtrend.
Target Levels: Initial bearish targets lie at the following levels:
90.30: This represents the height of the flag, measured from the top trendline to the bottom trendline, projected downwards from the breakout point.
89.92: This is a further extension of the downside target, based on the height of the flagpole (the initial downtrend before the flag formation).
Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the flag, ideally around 91.30. This helps limit potential losses if the price breaks above the flag pattern.
Thank you.
LONG NZDJPYSellers failed to break the lows, which means there are no more sellers at this level and it is a discount level. We are waiting to see the highs getting broken and retested acting as support along with the previous lows. make sure to verify in the 15m time frame that buyers keep breaking the highs.
NZDJPY - BUYNZDJPY is forming a Cup and Handle Pattern on 1H timeframe. The trade plan is based on the breakout of previous High so that there is a confirmation of upward momentum.
NZDJPY CREATING HHs & HLs ON 1HR...NZDJPY CREATING HHs & HLs ON 1HR...
NZDJPY, adhering to the simple Dow Theory, is exhibiting higher highs and higher lows along its trend line. With no divergence detected, I expect it to maintain its bullish trajectory on the 1-hour timeframe. Moreover, the formation of a cup and handle pattern suggests a continuation of this trend, in line with Dow Theory principles.
TRADE PLAN.
Entry Point: CPM
Stop Loss: 90.711
Take Profit: 90.389
NZDJPY Is Bullish! Long!
Take a look at our analysis for NZDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 90.749.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 91.088 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDJPY - Last Push before Good FridayHello Everyone!
Trust that we are all well.
NZDJPY Technical Analysis.
Monthly - As we end the 1/4, I'd like to see a bullish monthly close before Good Friday. February Bullish Wickfill is being filled.
Weekly - So Last week we saw the price push up and then come back to retest the Daily support line. It has also formed an inverted hammer suggesting price could push higher.
Daily - Following Monday's candlestick close, I'll be dropping down to a lower timeframe of 4H/1H for entries.
I'm conscious that this trade could be overpromising, due to the Monthly Candlestick closure at the end of this week, but we do have a lot of US news coming up which I hope will weaken the JPY.
Please trade consciously.
Have a blessed week!
God Bless
NZDJPY LongLooking at #NZDJPY on daily timeframe, currently looking to take potential long positions upon the retest of the previously formed daily demand zone, which confluences with inner 4hr/1hr demand zone.
NZDJPY: Nice Bullish Setup 🇳🇿🇯🇵
This trend line, that I spotted on a daily, is very significant.
The price formed a double bottom pattern on an hourly time frame,
after its test.
The morning's Japanese CPI report also strongly supports the pair.
I expect a bullish movement at least to 91.2
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RR=2.39Trend strongly bullish on long term + price bounced 3 times on a support level + breakout of a falling wegdge with a pullback and strong RSI divergence : expecting the price to retest the 92 level
PS never risk more than 2% of your capital per trade
NZDJPY bullish pattern using candle patterenthis chart shows the bullish pattern for NZDJPY using inverted bullish hammer in 1H time frame.
NZDJPY BullishNZDJPY has tested its support successfully which seems strong and there is a mature divergence on 1 hour chart as well. Also the sentiments are unconvincingly bullish that means the sentiments are not what I could expect for a trend reversal. But As I follow the chart momentum more than the sentiments slight bullish sentiments are more reliable for than a strong sentiment. Plus there is a new Higher High on 1 hourly chart as well that puts me in a good position to put a buy stop order. Lets hope for good and jump right in and see how it goes. Thanks
My Positions
Buy Stop : 90.97
Stop Loss : 90.51
TP1 : 91.43
TP2 : 91.89
NZD/JPYA "Bullish Engulfing" pattern is a bullish reversal candlestick pattern that typically forms at the end of a downtrend. Here's a brief overview:
- **Formation**: The pattern consists of two candlesticks. The first candlestick is bearish (red or black) and the second candlestick is bullish (green or white).
- **Engulfing**: The bullish candle completely engulfs the body of the preceding bearish candlestick. This means that the open and close of the bullish candlestick are both below the open and close of the bearish candlestick.
- **Significance**: The Bullish Engulfing pattern is considered significant because it suggests a shift in market sentiment from bearishness to bullishness. It indicates that buyers have overwhelmed sellers, potentially signaling a reversal of the prior downtrend.
- **Confirmation**: Traders often look for confirmation of the pattern through increased volume accompanying the bullish engulfing candlestick. Additionally, confirmation from other technical indicators or chart patterns can strengthen the signal.
- **Trading Implications**: When a Bullish Engulfing pattern forms, traders may interpret it as a signal to enter long positions or to consider buying opportunities. However, it's important to consider other factors such as market context, support and resistance levels, and overall trend direction before making trading decisions solely based on this pattern.
In summary, the Bullish Engulfing pattern is a bullish reversal signal that traders use to identify potential buying opportunities after a downtrend.
NZDJPY Lomg1:2 possible long set up
We look to see if market will provide a pullback following last week bearish Run.
Corrective move possible
Risk accordingly knowing we are in the corrective phase!
NZDJPY 15 MIN BUY IDEAHi Friends,
Nzdjpy has an opportunity to buy.
Entry:- 90.796
SL:- 90.434
TP:- 91.630
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NZD/JPY Day Trading Analysis 📋On NZD/JPY, it's nice to see a strong sell-off from the price of 91.640. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the volume and a strong volume area, is my main reason for this short trade.
Happy trading,
Dale
