NZDJPY SHORTFake out with a big rejection on the daily time frame. Weekly lows taken out.
Should see a nice sell off from here.
NZDJPY trade ideas
NZDJPY to find buyers at current swing low?NZDJPY - 24h expiry
The primary trend remains bullish.
The selloff is close to an exhaustion count on the daily chart.
Preferred trade is to buy on dips.
Bespoke support is located at 90.50.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to Buy at 90.50 (stop at 90.25)
Our profit targets will be 91.50 and 92.00
Resistance: 91.20 / 91.50 / 92.00
Support: 90.25 / 90.00 / 89.70
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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.
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Idea on a chartNice trade today pure structure During the trading session on Tuesday, we have seen the Japanese yen strengthen quite sharply in the early hours, only to see a turnaround and give back its gains.
Perhaps this was a run into safety as Vladimir Putin and the Russians announced that they were going to ease the restrictions on using nuclear weapons after Ukraine fired at least six NATO missiles into the deeper parts of the Russian Federation.
That being said, it looks like the market has given this back and I think ultimately you have a scenario where we stay within the range that we have been in.
If you are a short-term trader, this is an excellent opportunity due to the fact that the market is so clearly defined right now in the 250 pip range.
NZDJPY Trading Opportunity! BUY!
My dear followers,
I analysed this chart on NZDJPY and concluded the following:
The market is trading on 90.439 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 91.002
Safe Stop Loss - 90.107
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Could the price reverse from here?NZD/JPY is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Entry: 91.99
1st Support: 91.10
1st Resistance: 92.44
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Bearish reversal?NZD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 92.00
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 92.46
Why we like it:
There is a pullback resistance level.
Take profit: 91.12
Why we like it:
There is a pullback support level.
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NZDJPY sell potential Price is currently testing resistance area, I'm expecting price to continue to the bearish momentum that started, stay alert for more updates.
NZD/JPY - Bearish Momentum in PlayNZD/JPY appears to have broken a rising wedge and retested the trendline, I am targeting a 4H range for a decent 1:4 RR.
NZD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
The BB lower band is nearby so NZD-JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 91.996.
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NZDJPY From what I can see, price failed to hold above the 91.600 resistance area. Time and time again it retested the area, resulting in breaks but never strong enough to continue being bullish. In the process, price seems to have made a wedge pattern. With this, I’m expecting price to become bearish after its retest of the wedge.
Pullback resistance ahead?NZD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 91.37
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 92.38
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Take profit: 90.63
Why we like it:
There is a pullback support level.
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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 Short idea 15min time frame possible 1:2RRLooking to sell NZDJPY for a possible 1:2RR
Entry : 90.450
Stop Loss : 90.838
Take Profit : 89.942
Take profit 2 : 89.587
Risk/Reward : 1:2
Note: Please follow if you like the idea ,appreciate your support :)
NZDJPY-bias long Bearish indications:
Bearish divergence in day mainframe
Moving average respected in day
Trend line support broken in day time frame.
Bullish indications:
4 hr support respected
Hammer candle from support
bullish divergence in 4 hr time frame.
Trend line resistance is about to break.
Double bottom formation in 1 hr time frame.
Resistance broken at 90.194
30 min moving average respected.
Trade plan bias long @ 90.564
SL:90.349
TP1:90.798
TP2:90.993
Buy OpportunityPotential Trade Setup:
Long Position: The updated analysis favors a long position based on the support bounce and potential momentum shift.
Entry: Enter the long trade at the current price level of 90.48.
Stop Loss: Place the stop loss below the support at 90.00 to allow for minor fluctuations while protecting against further downside.
Take Profit: Target the resistance level at 92.46, which aligns with the next major resistance zone.
Analysis Breakdown:
Current Price Action:
NZD/JPY is currently trading at 90.48, close to a recent low where it found support.
The price action indicates a potential reversal from the support level at 90.49, as seen by a bounce on the chart.
Volume Profile:
The volume profile highlights significant liquidity around 90.50, suggesting a strong area of interest where buyers have stepped in previously.
This area may act as a launching point for a potential bullish move.
Support and Resistance Levels:
Support: The critical support level is identified at 90.49, aligning with the current bounce zone.
Resistance: Overhead resistance levels are marked at 91.39, 92.05, and the final target at 92.46.
Take-Profit Level: The suggested take-profit is at 92.46, offering a potential upside of 2.16% from the current level.
Squeeze Momentum Indicator:
The Squeeze Momentum Indicator shows a transition with red bars decreasing, suggesting weakening bearish momentum.
A potential shift to green bars could indicate the start of a new bullish phase.
NZD-JPY Potential Long! Buy!
Hello,Traders!
NZD-JPY keeps falling down
But a strong horizontal
Support of 89.900 is ahead
So after the retest a local
Bullish correction is to
Be expected
Buy!
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NZDJPY RIGHT NOW !!!NZDJPY reached the point of decision ;
according to previous data, it should reverse right now in a huge V pattern, and then correct to return back up then ;
however stay advised, nothing is never sure, but this seems like a great trade to get into right now ;
the SL would be placed just under the yellow trend line, around 90.600.
NZDJPY: Growth & Bullish Continuation
Balance of buyers and sellers on the NZDJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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How NC Zones WorkHey,
Why not share some knowledge while we at it.
I've been trading these zones for many years now..
If you want to understand them, it starts like this;
Look for imbalances (new capital indicator find it for free)
Make sure the imbalance is engulfed.
Draw in a zone.. (Called the imbalance zone)
Now see if this imbalance zone achieved something...
Like taking out a trendline zone.. or taking out a trend.
Happy studying :)
Happy wknd,
Max
Buy NZD/JPY Descending Triangle The NZD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 91.65
Target Levels:
1st Resistance – 92.11
2nd Resistance – 92.34
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
NZDJPY: Potential Triple Bottom Pattern Could Push Pair Up to 91NZDJPY: Potential Triple Bottom Pattern Could Push Pair Up to 91.85
On the 60-minute chart, NZDJPY has found strong support near 91.27. The price has tested this zone three times and reacted near the zone, increasing the chances for another bullish wave.
It looks like NZDJPY may soon confirm a triple bottom pattern. If that happens, NZDJPY may test the top again near 91.85.
You may find more details in the chart!
Thank you and Good Luck!
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NZDJPY - BUY ENTRYThis analysis is based on market structure, which is Long because the previous low are protected. The market has created it transactional liquidity by Breaking the previous HH structure. I have seen the Inducement Liquidity using PD zone.
NZDJPY → 92.00 - bull run triggerOANDA:NZDJPY continues to accumulate pre-breakout potential against 92.000 resistance. Japan's national currency continues to weaken amid inaction from the country's Central Bank and the dollar rally...
On D1 and H1, the structure coincides and generally tells us that the price is ready to go up. Trigger 91.950 - 92.00. If buyers can break this resistance area and hold their defenses above this zone, a quick distribution will not be far behind.
JPY confirms its downward course by breaking support, which generally defines the medium-term potential for us.
Resistance levels: 92.00
Support levels: 91.362
The overall structure will be broken when the support at 91.36 is broken, but there are no hints of that yet. The currency pair does not fall after the false breakdown of resistance, but continues to inflate the potential, which generally confirms the bullish intentions to go higher.
Rate, share your opinion and questions, let's discuss what's going on with ★ OANDA:NZDJPY ;)
Regards R. Linda!
