NZDJPY SELL 15 MINUTE TIME FRAMESTRONG SUPPLY ZONE
Price has to feel gap below
Expecting a 4:1 Risk Reward Let's see:)
JPYNZD trade ideas
Stars Aligning, Triple Confluence Pointing To A HUGE Sell Off??Looks like the stars might be lining up for a big drop in this pair.
Here's what I see: three big signs (or "confluences") are showing up, suggesting either a quick drop or a longer downturn that could last months.
The first confluence is that we're in a Monthly SUPPLY/SELL zone. This is where prices dropped over 2,000 pips back in 2015, making it a prime focus for sellers to start building into positions.
The second confluence is a Monthly resistance at 92.5, which was the high point in 2015. It's also near the 2014 high at 94. If prices head up to 92.5, they could quickly spike to 93 or 94.
The third confluence is breaking above a Monthly trend line, something sellers will definitely keep an eye on.
On the daily and shorter time charts, price momentum is clearly slowing down evident with the MACD divergence signals appearing on the daily and 12-hour charts pointing to a possible drop.
Given these factors, a SELL scenario seems increasingly likely, and here's my strategy to capitalize on it.
I will start building into a position now and if price does continue to move higher towards 92.5 I will look for SELL signals on my TRFX indicator on the daily and 4 hour charts.
First target for this trade will be the weekly support around the 87 level, second target will be 83 area which is a strong Monthly support area.
This is a great trade idea and could actually turn into a monster of a trade if you are able to hold long term.
Hope you enjoyed the read.
NZDJPYOn NZDJPY the price has hit our point of interest and we are expectingn for the market to be bearish to the next couple days
Nzd jpy Sell at 91.20 yen for a 200 pip down moveNzd jpy at 16 year high
Nzd economy at the crossroads and rate rises to slow given slower inflation
Japanese economy setting up for higher inflation and hence yen likely to move higher against nzd
All other yen pairs in a down trend except nzd jpy which is expected to follow others down too.
NZDJPY Sell TF M30 TP = 90.09On the M30 chart the trend started on Nov. 27 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 90.09
But we should not forget about SL = 91.02
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
NZDJPY-bias longBullish indications:
Trend line resistance break out.
Major resistance break out.
Bullish engulfer candle from the trend line support in 4 hr time frame.and the horizontal minor support.
HHHL.
Bounce from fib level 0.382
Bearish indications:
DId not break the previous high and made a Lower high.
Trade plan bias long @ 90.549
SL:90.749
TP1:90.750
TP2:90.885
NZDJPY Short Potential Potential Shorting position in NZDJPY
Breaking the trend line and entering the pullback
nzdjpy analysisOANDA:NZDJPY
Overall structure on NZDJPY is bullish. a support level has been established around 90.496 on the 1h with there being multiple touches and rejections with price failing to break below 90.496. a bullish engulfing candlestick is my confirmation to continue bullish run on NZDJPY
nzdjpy analysisOANDA:NZDJPY
Overall structure on NZDJPY is bullish. a support level has been established around 90.496 on the 1h with there being multiple touches and rejections with price failing to break below 90.496. a bullish engulfing candlestick is my confirmation to continue bullish run on NZDJPY
nzdjpy sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDJPY Trend Reversal Pattern using Trend Line and RSI IndicatorNZDJPY Trend Reversal Pattern using Trend Line and RSI Indicator
nzdjpy might go sellnzdjpy might go for sell till next major support. this is pullback trade .with 1h tf showing hidden bearish divergence with previous high, there is regular bearish divergence in current high itself. this is double divergence scenario, enter trade only after shift in trend. be patience. dont forget risk management.
NZDJPY Long Term selling Trading IdeaHello Traders
In This Chart NZDJPY HOURLY Forex Forecast By FOREX PLANET
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DeGRAM | NZDJPY continuation of trendNZDJPY reached resistance, and it's pulling back from it.
The market is trading in the ascending channel, indicating that the bulls are in control.
We anticipate the continuation of this current trend.
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Leveraging Multi-Timeframe Bearish Shark PatternsI've identified an intriguing counter-trend setup on NZDJPY, which showcases alignment across the Weekly, 4-hourly, and 1-hourly charts, all converging around the same entry point featuring Bearish Shark Patterns.
A notable aspect is the different starting points of the Shark Patterns across these timeframes, culminating in an intriguing entry zone. This convergence offers an opportunity with potentially lower risk and higher return probabilities.
For a comprehensive view, check out the weekly chart within TradingView and explore related ideas.
What are your thoughts or trade plans on NZDJPY?
Feel free to share your insights or potential strategies below!
NZDJPY I It will keep growing until yen monetary changesNov 21
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** NZDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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