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Nzdjpyshort

NZDJPY – Taking a short sell entry hereNZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday. This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio). A convincing break below that level will open a long term sell opportunity with target still remain to be seen. For now, lets see how will the price develop. Good Luck.
Short
by moa_trading_journal
NZDJPY - 🔥 Hot Daytrading Idea (Short)Hi Traders I have spotted a really nice setup on NZDJPY this morning. Very nice price action and structure just switched to bearish. Reason enough for me to jump into a quick short position. RR is 1:2 - which is my absolute minimum by the way. I prefer 1:3+ but 1:2 will do for daytrades. As usual, once price hits 1R profit stop goes to breakeven. Let me know what you think in the comments below and if you like this idea I would appreciate a thumbs up 👍🏼 from you. Good luck!
Short
by TFLOfficial
So you wanna SHORT NZD/JPY? Here is why it could get tricky!Hey tradomaniacs, since Jerome Powell stated that "there is no inflation" the market keeps betting against the FED and tries to poke Jeromes nerves with rising YIELDs. This is obviously bad for equities, because higher returns provides a great alternative to Stocks, which is causing a strenght for the US-Dollar. So why could a short NZD/JPY be choppy? NZD/USD currently reacts so sensitive because stocks are falling. NZD/USD is a risk-on-currency and since correlations have changed in the market almost all majors against USD having very huge standard deviations. This is basically because the economy improves when US-DOLLAR falls, due to the fact that the provided liquidity, or inflation, boost consume and investments -> Higher grow expectations -> Good for stocks. Now we got these correlations in the market: YIELDS and US-DOLLAR rise -> Equities fall Equities fall -> NZD falls YIELDS rise -> JPY falls When NZD and JPY both tend to fall due to the current correlations, NZD/JPY could be the worst NZD-pair to short, or generally to trade. The best JPY-Pair to trade is currently USD/JPY, as DXY moves up while JPY falls as long as the inflation-worries continues. Non the less, we could see stop-losses getting triggered and so a fall of NZD/JPY. Compare NZD/USD to NZD/JPY, and you will se what I mean. :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
6
NZDJPY starting the month under bearish biasThe pair reached a strong level from the weekly realm, acting as resistance; the previous week, the market closed with a bearish pin bar, giving some confirmations for the downtrend movement to come. Now moving into the intraday domain at H1, the price has failed to form a fresh HH, looking for additional bearish confirmation to place a short entry with a potential R:R | 1:5 -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Short
by OGFXTRADER
2
NZDJPY CLEAR BEARISH ?As we can see nzdjpy moving forward as a bullish structure and we know that when bullish trend , the trend also have nature structur which is impulse , correction , continuation , reversal as we can see nzdjpy haven't higher low so here we see the clear rising wedge pattern and bearish divergence maybe can push nzdjpy to bearish (making higherlow) however we still need some confirmation like bearish flag at lower timeframe or shooting star on 4H timeframe to execute this pair
Short
by ITCFX
NZD/JPY could move UP!Hey tradomaniacs, NZD/JPY just re-tested a strong support-zone and is about to create a H4-Wick 👉 First sign of reversal? NZD/USD and AUD/USD are both steady with Indicies that failed to break key-support-zones, which is very good for our crosspair-trades. Market is as expected very news-driven currently and I will wait for the FOMC`s statement as this can change everything, hence it is hard to predict any direction here because the moves could just be corrections. I will wait for confluence and so high-probabillity-trades. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
by Trading2ez
4
NZD/JPY Trading in Upward Channel.Hello traders, NZD/JPY is trading at 76.24. The price is trading in upward resistance and support channel and rebounding back from its resistance level. As the price has already rebound back from its resistance level, if it breaks 76.21 price level it can touch support level. So, the entry price for short will be 76.21 first target will be at 75.81 and second target at 75.20. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5