NZDJPY – Sell Limit Setup (Medium-Term Swing)Trade Summary
Type: Sell Limit
Entry: 85.29
Stop Loss: 86.97
Target: 79.82
Risk/Reward Ratio: ~3.4:1
Duration: Medium-Term Swing
Technical View
The broader trend remains bearish, with price consistently making lower highs.
NZDJPY rejected the downtrend resistance line, confirming continued seller control.
Yesterday’s sharp sell-off adds weight to the bearish view, and today’s mild bounce presents an opportunity to sell into strength.
Targeting a return to the reaction low at 79.82, last seen in early April.
Seasonal Insight
From April 29 – May 19, NZDJPY has declined in 57.14% of the past 36 years, with an average drop of 0.99%.
This seasonal tendency supports the short bias for the next few weeks.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
