NZDJPY- 3 hr bearish Setupwe have seen a major fall in month of July for NZDJPY and followed by a good pullback in the month of Aug and September.
Currently its trending on a good reactive area, where it has taken multiple times rejection
Worth taking risk, as it has broken the Daily and weekly trend line
Timeframe- 3 hour
Entry-91.280
SL- 92.95
Aggressive trader can Put SL 92.40
TP- 88.38
RR-1: 2.62
JPYNZD trade ideas
A possible sell on NZDJPYI would say this could be a good sell.
That last touch on the blue trend line before the price plummeted was an amazing sell entry which I missed due to the element of uncertainty on this chart. It could have been an excellent entry, nevertheless.
Any way, this train has not left yet, I would think.
This sell trade appears to be a good opportunity to make decent profits against some minor losses even if the price does keep going upwards.
The latest two massive 1 hourly red candles could be a very good sign that the market on this chart might have finally made up its mind to keep going downwards.
It seems ultimately the price is more likely to keep going downwards even if it goes up one more time to retest the resistance on the horizontal level or even up to the trend line.
NZDJPY to continue in the upward move?NZDJPY - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
Short term bias is bullish.
Preferred trade is to buy on dips.
Further upside is expected although we prefer to buy into dips close to the 90.60 level.
We look to Buy at 90.60 (stop at 89.88)
Our profit targets will be 92.40 and 95.60
Resistance: 92.90 / 95.60 / 99.00
Support: 89.15 / 86.80 / 83.05
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NZD/JPY SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the NZD/JPY with the target of 85.850 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Buy NZD/JPY Bullish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 90.80, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 91.49
2nd Support – 91.92
Stop-Loss: To manage risk, place a stop-loss order below 90.35. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
NZDJPY Will Move Lower! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 90.996.
Taking into consideration the structure & trend analysis, I believe that the market will reach 90.447 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Bearish Crab Signals Reversal on NZDJPY: Wave 4 Correction AheadHello Traders,
It's been a while guys.
Below is my analysis of the NZDJPY pair.
A bearish crab pattern has formed on NZDJPY after a bullish rally from 86.273 (September 16) to 91.222, suggesting a potential reversal. The rally from 86.273 to 91.222 is characteristic of an impulsive wave 3, and after wave 3, a corrective wave 4 is expected, which typically retraces a portion of wave 3’s gains. We expect a wave 4 correction targeting 89.341 initially. If wave 4 extends into a deeper correction, the next target levels are: 88.767 (second support level)
88.197 (third support level).
The bearish outlook is invalid if the price closes above 91.757.
Cheers and happy trading.
NZDJPY Huge long-term bullish signal emerged.The NZDJPY pair gave us an excellent sell signal last time (July 10, see chart below) and not only hit our 95.580 Target but broke below and invalidated the medium-term Channel Up:
The long-term Channel Up however, is still intact and it is evident on the 1W time-frame where the July-August sell-off found support and stopped exactly on the 1W MA200 (orange trend-line).
This alone is the first long-term buy signal. The second is a double one and will be given if the price closes above the 1W MA50 (blue trend-line), which has already rejected the uptrend twice since August and the 1W MACD forms a Bullish Cross. As you can see on this chart, every time the 1W MACD Bullish Cross coincided with a price closing above the 1W MA50, it was the strongest buy confirmation since 2020.
So if that confirmation is achieved, we will turn bullish with our Target being 102.000 (+18.31%, the minimum Bullish Leg rise within the Channel Up).
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Bearish reversal?NZD/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 91.54
Why we like it:
There is a pullback resistance level.
Stop loss: 92.98
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement.
Take profit: 89.59
Why we like it:
There is an overlap support level that is slightly below the 23.6% Fibonacci retracement.
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Session Trade Long setup NZDJPY👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDJPY for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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NZDJPY - 4hrs ( Buy Trade Target Range 300 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 importan+t 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
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✅Bullish Break
90.250 Area
Reasons
✅- Major Turn level
✅- Visible range Poc
✅- Triangle Break Out
✅- FIxed Range Poc
✅- Quarter low Break
✅Bearish Reversal
93.500 area