NZDJPY: Potential Double Bottom Pattern NZDJPY: Potential Double Bottom Pattern
NZDJPY has encountered a significant support zone near 85.60, indicating the possibility of a double bottom pattern.
The last two days' candlestick formations suggest a strong battle between buyers and sellers within this zone.
However, this movement implies that NZDJPY might be poised for further upward momentum.
Key Resistance Zones:
86.67
87.22
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❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDJPY trade ideas
NZDJPY Short Trade IdeaI'm setting up a short position on NZDJPY with the following parameters:
Entry: 86.422
Stop Loss (SL): 86.666
Take Profit (TP): 85.675
Trade Rationale:
The NZDJPY pair is showing signs of bearish momentum, suggesting a potential pullback. This trade setup is based on technical analysis where a resistance level appears to be holding the price, creating an opportunity to short the pair. The entry is positioned at a level where price action indicates a possible reversal, with a stop loss just above to manage risk, and a take profit level set to capture gains as the price moves lower.
Strategy Considerations:
Risk Management: The stop loss is placed close to the entry to limit exposure if the market moves against the position.
Market Monitoring: Keep an eye on market conditions and any news affecting the New Zealand Dollar or Japanese Yen, as these can impact volatility and price behavior.
This setup targets a move downwards in NZDJPY and is designed to offer a favorable risk-to-reward ratio. Happy trading!
NZDJPY: Long Trade Explained
NZDJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDJPY
Entry Point - 86.233
Stop Loss - 85.864
Take Profit - 87.314
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
NZDJPY / support level + symmetrical triangle = buyA support level has been created by forming a change of character with a break of structure. Today price has respected support, and within the symmetrical triangle at the bottom, price made a mini structure, that's now indicating a buildup to bounce up from. A double bottom at support level makes it more likely to break above this triangle pattern.
NZDJPY LONGNZDJPY – Smart Money Strategies in Action!
Key Levels & Market Dynamics Revealed
Bank Sell Entry Zone:
$89.00 - $89.10 :fire: – Upper supply zone
Bank Buy Entry Zone:
$86.50 - $86.70 – Demand zone
Market Breakdown:
Liquidity Sweep Below. Strong rejection at lower levels, setting up a potential bullish rally!
Trendline Manipulation. Retail traders might get trapped before a significant breakout.
SR Flip Around $87.50 If price holds, we could see another push-up to challenge sell zones
Rejection at Supply Zones. Could signal a deeper retracement
What’s Next?
Bounce from Buy Entry? Bullish continuation towards institutional sell zones!
Failure to Hold $87.50 Flip? Bears might step in for another liquidity grab
Big moves are on the horizon! Will Smart Money propel NZDJPY higher or lead to a liquidity sweep? Stay alert!
Bullish rise?NZD/JPY is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 86.92
Why we like it:
There is a pullback support level.
Stop loss: 86.17
Why we like it:
There is a pullback support level.
Take profit: 87.83
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDJPY Is Very Bearish! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 86.948.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 86.145 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Potential bullish rise?NZD/JPY has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 86.75
1st Support: 85.88
1st Resistance: 88.15
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 87.35.
We look to Sell at 87.35 (stop at 87.70)
Our profit targets will be 86.05 and 85.70
Resistance: 87.00 / 87.50 / 88.00
Support: 85.85 / 85.50 / 85.20
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDJPY BULLISH POTENTIAL Harmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
NZD-JPY Local Short! Sell!
Hello,Traders!
NZD-JPY is about to retest
A horizontal resistance level
Of 87.000 after a gap down
And a bearish breakout so
After the retest happens a
Local bearish pullback
Is to be expected
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
NZD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are now examining the NZD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 88.996 level.
✅LIKE AND COMMENT MY IDEAS✅
Lingrid | NZDJPY price CORRECTION. Short TRADE OpportunityFX:NZDJPY market has pulled back after retesting the support level, but overall the price is making lower lows and lower closes, indicating bearish dominance. The recent pullback against the major trend presents an opportunity to short the market. The price is currently testing the consolidation zone, which often acts as both support and resistance, and I expect the price to drop from this resistance zone and also from the upward trendline. My goal is support zone around 86.800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NZDJPY Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for NZDJPY below:
The instrument tests an important psychological level 87.296
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 - 87.875
Recommended Stop Loss - 87.011
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK