Trading Opp. Amid Sideways WavesTrading can be exhilarating when setups let you seize chances without wrestling with the broader trend. 🚀
Let's talk New Zealand Yen – a treasure trove of potential this week, regardless of the overarching movement.
Gaze upon the weekly chart, and you'll spot the bearish shark pattern, already in motion since 88.24. Kudos if you've joined the ride! I'd ride it to the first target at 84.36, where the 5-0 pattern gifts a buying prospect. Our watchword: Will the market cradle within the blue box?
Turning to the daily chart, a bullish bat pattern wraps up at 84.25. And if you had the insight to short on the bearish crab pattern, cheers! Your pockets are now heavier by 212 pips, a cool 2,120 USD.
Strolling through the four-hour chart, a gartley pattern is ripe for the picking at 85.56 – a splendid buying occasion.
If your sights are set on shorting, that 86.73 resistance line beckons. Zoom into the one-hour chart, and another gartley at 85.92 awaits, accompanied by a bearish shark at 86.82. 🦈📊
But wait, there's more – the 15-minute chart boasts a deep gartley at 86.20. So many opportunities, all within a single currency!
A sign that sideways markets birth harmonic patterns, right? But remember, clarity in strategy is key. Decide if you're hitting that first target and running, or holding on for the second despite opposing patterns.
And here's the golden rule: either chart your trade in advance or find a mentor deeply immersed in the trading fray.
NZDJPY
NZDJPY Those are its buy and sell break-out signals.The NZDJPY pair has been trading within a Bullish Megaphone pattern since the March 24 Low. It has been though on its longest correction in the last 1.5 months and on Monday hit the bottom of the Bullish Megaphone. For as long as it holds, this is a potential early buy signal as the price also made contact with the 1D MA100 (green trend-line), which is the level that held and initiated the rebounds of July 28 and June 01.
The first buy confirmation will be a 1D MACD Bullish Cross (last one recorded on June 12) and the second a bullish break-out above the Lower Highs trend-line and 1D MA50 (blue trend-line). In that case, we will buy and target 89.700 (Resistance 1).
If however we get a 1D candle closing below the Megaphone's bottom (Higher Lows trend-line) and the 1D MA100, we doubt Support 1 will hold and will take the buy's loss, opening a sell position instead, targeting 83.540 (Support 2).
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NZDJPY : Short Trade , 1hHello traders, we want to check the NZDJPY chart. The price is moving in a descending channel and has pulled back to the key level indicated. We expect this level to maintain the downward trend of the price and cause a further drop in the price. We predict that the price will reach around 85,900 to fall. Good luck.
NzdJpy could test 90 zoneSince the beginning of July, NzdJpy is pretty choppy, with spikes up and down.
However, the trend is still up, and with a very weak JPY we can expect a new leg up.
Also, yesterday the price reversed with a nice bullish engulfing which brings more confirmation.
I'm bullish as long as yesterday's low is intact and my target is around 90
NZDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NZDJPY Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for NZDJPY below:
The price is coiling around a solid key level - 86.104
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 86.661
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZDJPY : Short Trade , 1hHello traders, we want to check the NZDJPY chart. The price has broken the indicated support level to the bottom. We expect this level to play the role of a resistance level after the failure and maintain the downward trend of the price. We expect the price to fall to the targets of 85,600 and 85,300. Good luck.
NZD/JPY Under Pressure! SELL!
My dear followers ,
Please, find my technical outlook for NZD/JPY below:
The market is trading on 86.206 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 85.885
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NZDJPY Going LowerNZDJPY has been creating lower highs inside of the above triangle and in addition to this fact price rejected the last resistance at 87.00 . The fact that we are seeing lower market structure and the fundamentals not being so good for the new zealand dollar is in my opinion that a push to the downside in the near future might happen to the following targets ; 86.35 and 85.63 .
NZDJPY support has been holding back the bears.NZDJPY - 24h expiry
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
86.30 continues to hold back the bears.
Bespoke support is located at 86.27.
86.27 has been pivotal.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 86.45 (stop at 86.05)
Our profit targets will be 87.45 and 87.65
Resistance: 87.15 / 87.30 / 87.65
Support: 86.70 / 86.50 / 86.27
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDJPY Will Fall! Sell!
Here is our detailed technical review for NZDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 86.852.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 86.331 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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Trading Under The Spotlight: My Open Analysis Odyssey #2Hello again, TradingView community!
Although I just posted an analysis for this series, there are over a dozen more to post today.
I am mapping out every single setup in the market that I see and recording the results publicly with all of you.
As we journey deeper into my transparent trading adventure, I'm eager to share another one of today's analyses with you. But first, let's revisit the principles guiding this series for those that are new here:
1. Transparency, Not a Tutorial : While the setups are laid bare, the intricate details and exact reasoning remain mine to keep. This isn't trading advice; it's a window into my trading psyche.
2. Frequency & Execution : Each day offers a different setup or thought, but not all become trades. Understand these as glimpses into my trading mindset, rather than direct cues for action. I'm using each setup as a learning experience and exercise for my own growth and development.
3. Purpose & Growth : The core of this exercise still revolves around my personal growth, a pursuit to hone my analysis skills, and face potential critique with resilience.
In the ever-changing world of trading, it's crucial to adapt, learn, and sometimes, just observe.
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Instrument : NZDJPY
Bias : Short
Overall Trend : Long
Thoughts : This trade is counter-trend, suggesting it goes against the overall momentum. Given its nature, I will likely monitor the outcome without necessarily diving in. Counter-trend moves can be enlightening, serving as lessons in patience, observation, and market dynamics.
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Whether you've just tuned in or have been a companion since my decision to start this Odyssey 30 minutes ago, I appreciate your presence! Together, let's embrace the intricacies of the market and uncover insights amid the volatility. Onward to another day of analysis and discovery!
NZDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NZDJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement and then to reject from bearish order block + institutional big figure 88.000.
Fundamental analysis: Upcoming week on Wednesday will be released Cash Rate on NZD, if the result is negative, it will support our analysis.
Like, comment and subscribe to be in touch with my content!
NZDJPY - 4hrs ( buy Trade Target range 150 PIP ) Pair Name : NZD/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
Bullish Break
87.500 Area
Bearish Reversal
89.100