Nzdjpy!!
NZDJPY - Trend-Following Setup! 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
NZDJPY has been bearish trading inside the falling channel in blue. And it is currently approaching the upper trendline and resistance, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
NZDJPY is forming a channel in red but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDJPY can still trade higher inside the green resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDJPY Bearish OutlookThe NZDJPY is testing a local resistance zone that has been tested as a support 5 times before. Moreover, the zone includes a Fibonacci level of 38.20, a descending trendline, and the 4-hour 50-period moving average. All of these factors make a strong case for a possible downward reversal, with a potential next target of 81.20.
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NZDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 82.400 zone, NZDJPY is trading in a downtrend and now seems to be in a correction phase in which it does approach the major trend around 82.400 Support and resistance zone. Fundamentally JPY is still considered a safe haven with current banking sector crisis.
Trade safe, Joe.
✅NZD_JPY STRONG BREAKOUT OF SUPPORT THUS SHORT🔥
✅NZD_JPY is falling in a downtrend
So the breakout of the support
Didn't surprise us but on the
Contrary it has reinforced
Our bearish biased on the pair
Which means that after
The pullback and retest
We are likely to see
The price going lower
SHORT🔥
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NZDJPY - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: As we can see here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. For next couple of days I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 82.000.
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