JAPANESE YEN / NEW ZEALAND DOLLAR

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JAPANESE YEN / NEW ZEALAND DOLLAR forum



NZDJPY What a week, it's worth waiting to enter a trade according to the system. good luck
Snapshot

NZDJPY has strongly broken support, and level 80, where is this heading to?


NZDJPY

I would enter at a- when,

- Price stabs the minor resistance area marked with the yellow sguiggly line labeled as a-.

Confluence with trendline, and 60SMA.

All sounds good, and something I would have taken back in 2020.

I was stuck back then in this "belief" that I should only check two time frames, one entry and one higher time frame.

However, I was very wrong. It would work that way if one were to enter on the 4H time frame, and taking the direction of the Daily time frame.

However, I realised it doesn't work, at least for me.

I am missing out on alot of movements I should have taken note of, such as the price breaching the Daily major Support level.

Of course I was figuring things out, and I am still figuring things out.

I think there is never an end to learning.

Just 1 to 3 trades a month is good enough. Allowing my mind to relax while I eyeball trades and setups.

I am just eyeballing this setup now.

I don't believe this setup is a good one because price just touched the daily Major support.

If there is not support level in sight, I would enter on this trade.

Not to say this setup wouldn't work out, because it could, as institutions come back to sweep the Daily major support's SLs' before heading back up.

But for myself I don't like this trade and I will not enter on it.

1319SGT
07042025
Snapshot


NZDJPY Take sell entries from 83.22
Take profit 1 at 82.90
Take profit 2 at 82.40
Take profit 3 at 81.80
Stop loss at 83.91
My thoughts about it are bearish and we can take sell entries till the tps.
what are your thoughts about it..?

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NZDJPY My thoughts on NZDJPY.

I think all JPY pairs behave similarly.

...1445SGT

I took some time to day dream and it seems that the current volume has picked up.

Maybe cos its close to London open now.

USDJPY also seem to have peaked in the downside. But I don't trust USDJPY because it showed more strength towards the downside on the Daily Time Frame, then NZDJPY.

I think, overall its still quite risky to trade these pairs.

I have to remind myself of my 100% winrate I gotten on 1st April for 1R profit, so I wouldn't make rash decisions and decide to trade now just because price is at the Major Support level.

Rather miss the opportunity than to lose the 100% winrate for April 2025.

1448SGT
04042025
Snapshot

NZDJPY If i see a bearish entry candle from the supply zone (premium), I'm down to 84.26 levels. Good luck
Snapshot