NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90)
Broken out of the channel formation to the downside.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 86.75 will confirm the bearish momentum.
Our profit targets will be 86.50 and 86.25
Resistance: 87.00 / 87.50 / 88.00
Support: 86.50 / 86.25 / 86.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDJPY
Major Counter-Trend Trade🔍 Dive into my latest analysis on the related article and compare it with my previous week's analysis.
📉 Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market.
⚖️ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart. Once the trendline is violated, patiently wait for the retest before considering entering the trade.
Stay updated with my analysis as we navigate the market and uncover potential trading opportunities. Don't miss out on valuable insights! 💼📈
NZDJPY: Trend Following Setup Explained 🇳🇿🇯🇵
NZDJPY is trading in a long term bullish trend.
The price broke and closed above a key daily resistance this week.
After a breakout, the price started a correctional movement within a bullish flag pattern on 4h time frame. Retesting the broken structure, the price bounced and violated the resistance of the flag.
It will most likely trigger a trend-following movement.
I expect a growth to 89.65
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NZDJPY Best short opportunity in more than a monthNZDJPY hit the top of the 3 month Channel Up on a peak formation that's the same as the previous Higher Highs.
This is a prime candidate for a short position considering that the 1day RSI also displays a Bearish Divergence.
Sell and target the 1day MA50 at 86.750, even though the pull back can extend as low as the 0.618 Fibonacci based on the previous Channel Up pull back.
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NZDJPY BREAKER BLOCK ENTRY M15 On NZDJPY, we have a bearish setup following yesterday's rally. As the price rose, it created a breaker block around the 0.8913 area. This will be our entry point for a long position with a target at 0.8966. The breaker block was formed on the M15 timeframe when the price broke out of the previous supply zone. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings and have a great day of trading from Nicola, CEO of Forex48 Trading Academy.
NZD/JPY: Riding the Bullish Channel for Long Trade OpportunityThe NZD/JPY currency pair has been exhibiting a consistent upward movement within a bullish channel. This upward trajectory has been punctuated by multiple instances of the price rebounding off the dynamic trendline. As a result, our bias remains strongly inclined towards a new long trading opportunity.
Finally, Shorting Opportunity📉 After a week of waiting, the market has finally retested my preferred entry price for a short position on the Bearish Crab Pattern(daily chart), which complements the Bearish Shark Pattern(weekly chart) at the 88.50 level. Check out the link article in the TradingView post for a refresher on last week's discussion.
💼 Trading is all about minimizing initial stop-loss and maximizing profits sensibly.
🔄 A retest of the key resistance level at 88.60 on the 1-hourly chart would confirm this trading idea for me.
🔝 This trade holds the highest priority for me in the upcoming week.
Share your highest priority trade for the week! 📊💭
NZDJPY to see a fakeout?NZDJPY - 24h expiry - We look to Sell at 88.25 (stop at 88.75)
Broken out of the wedge to the downside.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 87.50 will confirm the bearish momentum.
Short term RSI has turned negative.
Our profit targets will be 87.05 and 86.85
Resistance: 88.00 / 88.25 / 88.50
Support: 87.50 / 87.25 / 87.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDJPY - 4hrs ( Sell Trade Target Range 160 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 ( Short )
Type : Mid Term Swing
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Bearish Retest
88.000 Area
Reasons
- Major Turn level / D
- Visible Range hvn
- Choch Area
- Pattern Break Out
- Day / week low break
Bullish Reversal
86.000 Area
Reasons
- Major Turn level / D
- Visible Range Value
- inner Pattern Target
- Choch Area
- Fibo Golden
- Fixed range poc