NZDJPYsell idea 4 hr timeframe
Rejection from weekly and daily timeframe area
Head and shoulder pattern
no Bullish diversion
at the break of Neck line
sell stop 92.57
stop loss 93.17
tp1 91.94
tp2 91.32
JPYNZD trade ideas
NZD/JPY-1218 days UpttendIn 2007, before the Great Recession, the price reached an all-time high of 97.791. After that in December 2014 the price was at 94,050 and from that moment we saw a down trend for the next 1,904 days and the price fell by 36% to 59,502 and then we got the COVID and from that moment the trend changed. From the 2020 low, the price has currently jumped by 47% and the trend has lasted for 1218 days and my expectation is that it will continue that way.
Central Bank Rates in New Zealand are
5.50% while in Japan it is -0.10%. Which makes it clear to us that NZD is much more attractive to investors than JPY.
And that's why I believe that NZD/JPY will continue upwards and my prediction is to test the 2014 peak of 94,000, and the probability of testing the all time high of 97,700 is very likely if we continue with the Fundamentals as before.
To enter a long position, I will wait for a breakthrough of the trend line and the 4h candle must close above the trend line and that will be my confirmation that the price will continue upwards. I will manage the trade along the way, which means after +100 Pips profit my SL will be on BE
NZDJPYIs NZDJPY exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 91.500.
What you guys think of it?
NZDJPY Short Term Buy IdeaD1 - Strong bullish momentum.
Higher highs.
No opposite signs.
H4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
NZDJPY SELL opportunity 92.99 TP 92.78. NZDJPY SELL opportunity 92.99 TP 92.78.
NZDJPY SELL opportunity 93.355 TP 93.18
Confirmation after the breakout support level.
If Broke through Resistance will reach to next Pressure level 93.18. The Current Resistance level is 4H 93.452 and support is 92.65
SELL NZDJPY for trend reversal update
SELL NZDJPY NOW ✅
STOP LOSS : 93.464
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
NZDJPY H1 | Potential bearish breakoutNZD/JPY is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 92.699 which is a potential breakout level.
Stop loss is at 93.100 which is a level that sits above an overlap resistance.
Take profit is at 92.369 which is a pullback support that lies above the 50.0% Fibonacci retracement level.
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NZDJPY to turnaround?NZDJPY - 24h expiry
Price action looks to be forming a top.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Bespoke resistance is located at 93.30.
We look to Sell at 93.30 (stop at 93.55)
Our profit targets will be 92.70 and 92.30
Resistance: 93.30 / 93.50 / 93.80
Support: 92.90 / 92.60 / 92.30
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Possible retest before reversal @HHWaiting for a clear sell signal near higher high price level (93.423),
Clear sell signal is expected either double or triple top with clear RR , hammer or any reversal candle sticks to confirm.
Price could also extend but , the Yen has been over sold while commodities prices have been steadily increasing. The Yen is also a safe haven currency but Japan has a stable democracy.
With elections all over the world happening in the USA mainly and the NIKKIE index reaching new highs.
DID NZD SELL OFF TOO EARLY. . .?If NZD/JPY sold off too early then I guess I've missed a good trade. It is unfortunate that entering at this point in time would be too great of a risk for me,unless otherwise the market does give "the last kick of a dying horse" quick rise to the fibo levels zone of multiple time frames. Only then can I enter a sell trade down to the next fibo touch. Either than that, I'll stand aside and let it slide.
What's your take?
Long in NZDJPY
"I have taken a long position on NZDJPY as the price has reached a significant demand zone, indicating a potential price appreciation. This decision is based on technical analysis highlighting the importance of this key zone. I will closely monitor price action and market conditions to capitalize on this trading opportunity. It is essential to apply strong risk management and follow a disciplined trading strategy to optimize returns and protect capital in this trade."
I'm bullish on NZDJPY.Institutions on the COT report are buying NZD, and aggressively selling JPY.
Retail sentiment shows 90%+ selling.
Very clean trend, consistently making higher highs and higher lows.
On the most recent high, the volume remained high, signifying a trend continuation.
The last retracement reaching fib 75% shows a possible but early start off of a Wyckoff distribution, a high chance for an upthrust reaching a new high.
NZDJPY Short Simple Supply and Demand. Set your pending order, place your allowable SL and wait for price to do its thing.
NZDJPY Longs Taking a looking at NZDJPY, I am waiting for price to pullback into support or the three golden levels of the fib before buy all the way to the upside,
NZD/JPY Surges, Bullish Outlook AheadHello Everyone,
The NZD/JPY has recently surged to its highest level in a year, and despite hitting this milestone, further bullish momentum is anticipated. Key resistance levels to watch are at 92.748 and 96.278. It remains to be seen whether the former resistance level at 92.748 will now serve as a support level in the future. Regardless, increased volatility could be imminent, making it prudent to monitor how the price behaves around the daily pivot point and support levels.
TradeWithTheTrend3344
NZDJPYTrading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade.
🔥🔥🔥🔥#NZDJPY 🔥🔥🔥
NZDJPY CUP AND HANDLE Hello traders! Let's take a look at NZDJPY, where a cup and handle pattern has formed on its daily chart. Currently, the price is trading above the breakout level at 88.170. With this breakout in mind, potential targets for this pattern could be:
Targets:
- 62% at 92.929
- 79% at 94.227
NZDJPY Trendline Break Out , Double Top , DivergenceNote:
1-Double Top Divergence
2-Sell Sentiment 92%
NZD-JPY Breakout From The Wedge! Sell!
Hello,Traders!
NZD-JPY broke out of
The bearish wedge pattern
So we are bearish biased
Now and we will be
Expecting a bearish
Move down
Buy!
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NZDJPY Broke New HighsNow that the buying demand has increased to be beyond what it was "last year", we can now lookout for Black Friday Sale, and if the price offered by Sellers suit our targetted discount %, we can look to get hold of some NZDJPY to sell to the Big Boys for a premium sum who like to get their hands on some sweet sweet NZDJPY.
How I would approach this is by either entering on the Hourly or the 15 Minutes, when Sellers give us a discount, we can see if that discount is worth taking or not. If it is a yes, we could buy and then sell at a higher price to those who have not gotten filled.
Hourly Time Frame thoughts are in the link.
NZD will outperform the JPYPrice has formed on this asset a triangle which it is currently trying to break to the upside. If we manage to break it to the upside and we continue to create higher market structure combined with current macro economic conditions, my targets will be 91.48 and 93.00 .
