NZDJPY H4 | Rising toward resistance?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 87.13, which is an overlap support.
Our take profit will be at 87.82 which is an overlap resistance
that aligns with the 50% Fibo retracement level. The stop loss will be placed at 86.48, a multi-swing low support level.
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NZDJPY
NZDJPYNZDJPY was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 87.20 region.
Will the bulls take charge again continue for leg higher?
NZDJPY - Following The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
NZDJPY has been overall bullish trading inside that big wedge pattern; and it is currently retesting the lower bound / orange trendline.
on H1: Right Chart
For the bulls to take over, and activate our buy setup, we need a break above the last high in gray.
Meanwhile, NZDJPY would be bearish and can still trade lower, especially if the 87.0 daily low is broken downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDJPY: Bearish Scenario is much more probable!Hello traders.
There are 2 scenarios available for the pair!
Bullish one: after breaking the trend line and 87.70 a buy order will be set around 87.40 . TPs are 88.60 and 89.75 .
Bearish one: After breaking below the 86.75 a short order will be set around 87.10 or 87.00.
TPs will be around 85.20 and 83.70 .
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 will Go Down to Uptrend line🚨🏃♂️NZDJPY is moving near the Important Resistance line and the Resistance line and inside the 🟡 Price Reversal Zone(PRZ) 🟡.
💡We can consider the formation of the 🌠Shooting Star Candlestick Pattern🌠 in 🟡 Price Reversal Zone(PRZ) 🟡as a sign of a return.
🔔I expect NZDJPY to return to the 🔴 Resistance zone 🔴 and Uptrend line in the coming hours.
New Zealand Dollar/Japanese Yen Analyze ( NZDUSD ), 4-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NZDJPY: Forecast & Trading Plan
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDJPY pair which is likely to be pushed up by the bulls so we will buy!
❤️ Please, support our work with like & comment! ❤️
✅NZD_JPY SWING BEARISH PREDICTION🔥
✅NZD_JPY is trading in a
Massive rising wedge pattern
And the pair is now going up
To retest the rising resistance
Of the wedge from where
I think that we will see a
Pullback and a move down
To retest the rising support below
SHORT🔥
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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 H4 | Potential bearish reversalNZDJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 88.898
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 89.699
Why we like it:
There is a pullback resistance that aligns above the 78.6% Fibonacci retracement level
Take Profit: 87.746
Why we like it:
There is a swing-low support level
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 is entering sell zoneLike all the Jpy pairs, NzdJpy was also affected by the BoJ verbal intervention and in this case, we have a drop of 300 pips.
After the sudden drop the pair started to recover losses and at this moment is approaching a strong sell zone.
Traders could look for weakness signs in this zone and the target could be set in the recent low zone.
Also, the 85.50 zone could offer a good target for swing traders
NZDJPY | COULD BE A GOOD BUY!The 1-4 hour trend is technically bearish, however, we just broke the 4h 100 moving average with a solid bullish engulfing candlestick, our stoploss covers daily moving average, and 12 hour is developing a good price action. Overall I think the higher timeframe bias will continue and this short-term bearish movement should fade. 📈😊
BluetonaFX - NZDJPY Rising Wedge SHORT IdeaHi Traders!
There is a rising wedge pattern on NZDJPY, which signals a possible reversal of the bullish trend we have seen over the past few months.
Price Action 📊
There was an aggressive upside price rejection candle followed by a momentum break below the 20 EMA. This shows that there may be new waves of bearish volume entering the market.
We are looking for a bearish break and a close below the support trendline.
Fundamental Analysis 📰
New Zealand left their interest rates unchanged, and the dovish statement from the RNBZ has left the NZD under some selling pressure.
Support 📉
87.094: PREVIOUS DAY'S LOW
Resistance 📈
89.251: PEVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
NZDJPY, Massive Triangle-Breakout, Pointing to Target-Zones!Hello There!
Welcome to my new analysis of NZDJPY. In recent times it has to be mentioned that there are only a few forex pair setups that have such a bullish potential as I have spotted it with NZDJPY. This is why I detected all the important price actions, underlying dynamics, and upcoming perspectives that should be primarily considered with NZDJPY. In fact, NZDJPY already emerged with a main entry setup however the reward potential is likely to increase once NZDJPY completes the whole formation.
The chart price-action is forming this important ascending triangle formation in which NZDJPY has the coherent wave count that is about to be completed within the upcoming times. Furthermore, NZDJPY has the main ascending trend line supports within the boundaries. The fact that NZDJPY is already building a breakout attempt with a bull flag on the local structures is increasing the scenario determination of the final breakout to emerge within the upcoming times.
Once NZDJPY has formed the final ascending triangle breakout above the upper boundary this is going to point to the expansion origin and is going to activate two main target zones within the whole development, the first target zone is within the 93.5 area and the second target zone is within the 97.5 area. When NZDJPY continues with the established dynamics from there on it also has the further ability to bounce into a new all-time high direction above these zones.
Thank you everybody for watching my idea about NZDJPY. Support from your side is greatly appreciated.
"Don't look for the needle in the haystack. Just trade the haystack!"
VP