Short NZDJPYPrice retesting broken support and a key Reversal
Zone. Denoted by the red and green arrows.
1hr time recently printed a bearish pin bar in this zone. EST 10 am. candle. I am already in this trade
adding a new position now, small lot size sell stop below pinbar Target next zone (blue horizontal line) 96.760
JPYNZD trade ideas
NZDJPY - 4hrs ( Sell Trade Target Rang 180 PIP ) Pair Name : NZD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
Type : Mid Term Swing
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🦸♀️Bearish Break
98.350 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Channel Break
- Day / week low
- Fibo Golden Zone
🦸♀️Bullish Reversal
96.800 Area
reasons
- Choch Zone
- Visible Range Hvn
- Major Turn level / D
- Fibo Golden
- Fixed Range Hvn
NZDJPY - BUY
Taken out again below Monthly Resistance that turned Support.
Everyone would think Na that's where it will turn it shouldn't go past there surely, there must be untold Buy orders there.
I guess there must have been because then it went up and hit everyone's Sell orders and went back down again then hit more Buy orders and is at Sell order resistance again now.
But this is the makings of a Wycoff pattern hopefully and we should break through and continue to order block top of black candle and then on up higher to continue with the carry trade scenario the only thing that makes sense to me and I'm very clever just ask me. : )
Forex is a tricky game.
NASDAQ is the only safe Trade as long as u can give it plenty of room to move it is on a tare and only just started Interest rates haven't even started to come down yet and its honking.
Scale in small lots 0.01 until u get used to the Profit Loss compared to yr Capital then increase it has everything going for it the wind is in it's sails buy into every dip.
Please do your own due diligence this is not financial advice.
Blah Blah Blah. : )
NZDJPY Is Showing Weakness after RBNZ Kept Rates UnchangedNZDJPY Is Showing Weakness after RBNZ Kept Rates Unchanged
🚨RBNZ kept the interest rate steady at 5.50%, as expected.
After this decision, NZDJPY faced a strong sell-off and appreciated by nearly 88 pips
NZDJPY also confirmed a bearish wedge pattern showing further downward movement.
However, as I explained previously selling XXXJPY pairs carries a high level of risk.
They will begin the bearish wave only when BOJ intervenes in the market.
But with the current data, this is what NZDJPY is showing...a small bearish move.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NZDJPY is BearishPrice was in a strong uptrend, however the bears seem to be waking up to the cause after a matured bearish divergence which led to the break of last higher low. If price prints a lower high and breaks freshly printed lower low, then a bearish rally is on the cards. Targets are mentioned on the chart.
Sell AnalysisNZD/JPY Sell Analysis
Trade Idea: Sell NZD/JPY
Entry: 98.400
1st Take Profit: Up to 97.500
2nd Take Profit: Up to 96.200
Rationale:
Technical Analysis: NZD/JPY has faced resistance near the 98.400 level, indicating potential for a downward movement.
Bearish Momentum: Recent price action suggests a decline from recent highs, supporting a bearish bias.
Long-Term View: This trade reflects a broader bearish outlook on NZD/JPY, considering both technical indicators and market sentiment.
Risk Management: Implement a well-defined risk management strategy, including stop-loss orders, to mitigate potential losses in volatile market conditions.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
SELL ON NDJPYAfter a nice expansion move to the downside. the retracement phase is in full effect. using my quarter zones on the fibb.. im looking for atleast a retracement to the 75% area in order to get in a sell. there is a large fvg left behind and a nice order block at the supply level. I would really like to see that gap get filled and take a sell at the order block. buy my eye is also on a possible entry at the 75% fibb level.
NZDJPY What Next? BUY!
My dear friends,
Please, find my technical outlook for NZDJPY below:
The instrument tests an important psychological level 98.272
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 98.598
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZDJPYNZDJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
NZDJPY Sell signal at the top of the Channel Up.The NZDJPY has been trading within a Channel Up pattern since the March 24 2023 bottom and today just made contact with its top (Higher Highs trend-line). We expect a strong rejection, similar to July 05 2023 that pulled-back all the way to the 0.5 Fibonacci retracement level and the 1D MA100 (green trend-line).
As a result, we treat today's rejection as a strong sell opportunity. Our Target is 95.580 (Fib 0.382).
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NZDJPY - BUY
Thats not fair taken everyone out now they got fuel to head higher still Carry Trade prevails.
Interest rate not changed still 5.5%
100 pips and 60 pips Targets
Just lost 50 pips in theory
Might push down more but more often than not they don't
Bounce off the Monthly Resistance now Support
Base case is up
Cots Data is Bullish
Sentiment of Traders is still over extended by 102 pips but can go much further another 300 basically.
Lets see : )
NZDJPY - BUYNZD very strong
Interest rate announcement coming out in 35 mins
Looks like they all banking on a 0.25% rise or stay the same which is also Bullish.
Inflation YOY and Interest Rates %
USD : 3.27- 5.50
NZD : 4.0 - 5.50
GBP : 2.0 - 5.25
CAD : 2.9 - 4.75
AUD : 3.6 - 4.35
EUR : 2.5 - 4.25
CHF : 1.1 - 1.25
JPY : 2.8 - 0.10
Looks like if any Country should be raising rates just looking at the numbers above NZ should and could still raise rates 0.25 to try and put the nail in the coffin.
It will never stop never has and raising rates won't even stop that, probably make it worse because of borrowing cost for businesses any excuse or chance to raise prices or shrink product size they do and then people still want need more in their wage packet, omg!
Retail sales are down each month ticked up last month
Building Consents drastic decline
Unemployment rate is up from 3.2 to 4 since 2022
Electronic card Spending is dropping on monthly basis (People are getting poorer)
Purchasing managers has 14th month of contraction in a row
Orders are down also
People paying Mortgaes will not be happy either how much more can NZ'ers take the NZ Government need to put a Price Freeze on Goods only to reduce the profit of the main profit-making companies in NZ they will not do it themselves so it needs to be LAW.
That is my recommendation NZ Government do it Now !
: )
NZDJPY Uptrend Long Contintinuation TradeNZDJPY Trend Continuation Long Trade
1. Weekly Uptrend
2. Nice momentum bullish candles
3. Price above 20,50 and 200 MA
4. Trend Following indicator confirmation
5. BUY/SELL Indicator confirmation
6. 2% Risk, 2 x 1%
7. Stop Loss 2 x Daily ATR
8. Closing second trade at opposite signal/break of structure/big reverse candle
NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
NZD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 98.041 area.
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NZDJPY Long SetupNZDJPY Long Setup
Currency Pair: New Zealand Dollar (NZD) / Japanese Yen (JPY)
Timeframe: 4-hour (4H)
Current Price: 98.524
Setup Rationale:
Support Zone: The price has approached a key support zone between 98.317 and 98.202. This zone has previously acted as a strong support level, providing a good buying opportunity.
Bullish Candlestick Patterns: There are signs of bullish candlestick patterns forming near the support zone, indicating potential buying pressure and reversal.
Risk-Reward Ratio: The highlighted region shows a favorable risk-reward ratio, with the potential upside significantly outweighing the downside risk.
Entry:
Ideal Entry Point: Around 98.317, within the support zone.
Alternative Entry Point: A breakout above the immediate resistance at 98.868 could also provide a confirmation for a long position.
Stop Loss Placement: Just below the support zone at 98.202 to minimize risk.
Take Profit:
Initial Target: Around 99.000, where previous resistance levels are observed.
Secondary Target : Near 99.300, allowing for potential extended gains if the upward momentum continues.
Trade Management:
Monitor price action closely within the support zone for any signs of reversal or continuation.
Adjust the stop loss to break even once the price reaches the initial target to secure profits.
Consider partial profit-taking at key resistance levels to manage risk.
This setup capitalizes on the identified support zone and favorable risk-reward scenario, providing a strategic entry for a long position on the NZDJPY pair.
NZD/JPY H1 Channel BreakoutThe NZD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 98.50, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 98.03
2nd Support – 97.80
Stop-Loss: To manage risk, place a stop-loss order above 98.90. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
NZDJPY BANK Money Heist Plan in Bullish SideMy Dear Robbers / Traders,
This is our master plan to Heist NZDJPY bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Stop Loss : Recent Swing Low using 4h timeframe
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
NZDJPY ShortReserve bank of New Zealand announces their rates this week and their dot plots for cuts. I am expecting consolidation lower as well as a pullback to the last major demand zone. New Zealand is also tipping into a recession but has had sticky inflation. If consumer data comes in weaker inflation should follow. BOJ is going on the offensive soon see my USDJPY idea for fundamental details in the descriptions. Taking this short from here.