JPYNZD trade ideas
Counter-Trend for Greater ProfitsThis week, I'm looking at NZDJPY with a bearish perspective, and here's my trade plan:
1. Bearish Shark Pattern Confirmation at 91.74: I'll be patiently waiting for the Bearish Shark Pattern to confirm at the level of 91.74. This level coincides with the formation of a Head & Shoulders pattern, adding confluence to the bearish setup.
2. Extended Trading Targets: If the Bearish Shark Pattern sets up as anticipated, I'll extend my trading targets beyond the traditional Target1 and Target2. By doing so, I aim to capitalize on the potential bearish momentum and maximize profits from the trade.
3. Stop Loss Management: Once the market reaches the traditional Target1 of the Shark Pattern, I'll shift my stops to the entry level to protect profits and minimize risk.
By patiently waiting for the bearish setup to confirm and managing stops effectively, I aim to capitalize on the shorting opportunity presented by NZDJPY this week.
What are your thoughts on NZDJPY? Feel free to share your trade plans and insights below!
Wishing everyone successful trading ahead!
NZDJPY: Eyeing Confirmation for Upward MovementHello Everyone,
Recently, NZDJPY has tested its support levels and appears poised to resume its upward trend. The weekly support has proven to be robust. Now, our focus is on establishing a stable position above the daily, weekly, and monthly pivot points to validate the anticipated upward movement.
TradeWithTheTrend3344
NZDJPY Short TradeMARKET PHASE
OANDA:NZDJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it`s initial move down but due to the velocity of the downward move, it's gapped some orders around 91.019. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:NZDJPY with the following parameters:
Sell Limit: 91.019
Stop Loss: 91.159
Take Profit: 90.739
NZD/JPY +60 Pips , New Entry Valid To Who Missed First One !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
The correction higher is assessed as being complete.
Price action has continued to trend strongly higher and has stalled at the previous resistance near 91.15.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 90.90 will confirm the bearish momentum.
The measured move target is 90.50.
We look to Sell at 91.15 (stop at 91.40)
Our profit targets will be 90.45 and 90.30
Resistance: 91.00 / 91.15 / 91.35
Support: 90.90 / 90.75 / 90.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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NZDJPYNZDJPY has given the clean breakout of long term consolidation and strong bullish divergence indicating the buyers are getting ready for strong upside move. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 92 followed by 93.
NZD-JPY Swing Long From Rising Support! Buy!
Hello,Traders!
NZD-JPY is already making
A rebound from the long-term
Rising support and the pair
Is in a strong uptrend so we
Are bullish biased and
We will be expecting
A further move up
Buy!
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Check out other forecasts below too!
EUR/AUD Short and NZD/JPY ShortEUR/AUD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZDJPY: Long From Rising Trendline SupportThe price is falling towards the rising trendline support which price has been bouncing off multiple times in the past
I believe a rejection from this level could lead the price to rise to the upside
I'm bullishly biased.
Auto Fib- NZDJPY - ShortsOnce it tests the 50% area and 61.8 area and then hoping for a good push to the downside. It may take some time for it to get to that zone and then enter on a rejection candle.
✅NZD_JPY GROWTH AHEAD|LONG🚀
✅NZD_JPY is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 91.500
LONG🚀
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NZD/JPY SHORT/SELLNZDJPY has formed a head and shoulder pattern on the 4-hour time frame.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: If the trade does NOT surpass our entry level (GREEN LINE ON THE CHART), Do not enter the trade.
2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Trade responsibly. Past performance is not indicative of future results.
Feel free to ask any questions or discuss further! 📊📉
NZD/JPY SHORT/SELLNZDJPY has formed a head and shoulder pattern on the 4-hour time frame.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: If the trade does NOT surpass our entry level (GREEN LINE ON THE CHART), Do not enter the trade.
2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Trade responsibly. Past performance is not indicative of future results.
Feel free to ask any questions or discuss further! 📊📉
To fill the imbalance and mitigate the order blockWe have been in a short bearish market characterised by lower lows and lower highs, which then got breached and provided us with a shift in structure. Looking for the one directional bullish movement to be corrected and for price to activate the order block for an opportunity to buy in this emerging bullish market. The initial risk is 20 pips and the target is 100 pips...
NZD/JPY SHORTRSI BEARISH DIVERGENCE + The price is testing the ITZ. We can look for a short position with a reversal candlestick pattern
NZD/JPY BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are going long on the NZD/JPY with the target of 91.889 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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NZD/JPY At Great Res , Short Setup Valid To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDJPY: Very Bearish Outlook Explained📉NZDJPY has developed a significant head and shoulders pattern on a 4-hour chart.
The neckline of the pattern was breached and closed below.
I anticipate a downward trend now, with a target set at 89.82.
NZDJPY: Classic Bearish Pattern 🇳🇿🇯🇵
NZDJPY formed a huge head and shoulders pattern on a daily time frame.
We see a confirmed neckline violation, with a daily candle close below that.
The pair may continue to fall.
Next goal - 90.0
❤️Please, support my work with like, thank you!❤️
NZDJPY H4 | Potential bullish breakoutNZDJPY is rising towards a pullback resistance, price could breakout and rise to take profit level.
Buy entry is at 90.972 which is a pullback resistance that aligns closely with the 23.6% Fibonacci retracement.
Stop loss is at 90.502 which is a level that lies underneath an overlap support.
Take profit is at 91.842 which is a pullback resistance which also aligns with the 50% Fibonacci retracement.
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Nzdjpy sellsThe 93.4 are it touched is a very strong suplly zone that has been retested after a long time of compressed rise. It looks like a fast drop when it gets out of the channel
