It is time to sell NZDJPYPrice is at a very strong resistance area and testes several times and price will keep hold that resistance . Now time to sell the NZDJPY . Risk only 1 % to 2% for the trade. good luck
NZDJPY trade ideas
NZD_JPY LOCAL SHORT|
✅NZD_JPY went up to retest a horizontal resistance level of 96.85
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below at 96.20
SHORT🔥
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Bullish Outlook for NZD/JPY Despite Short-Term TestHello Everyone,
We are on the right track with NZD/JPY. Although there might be a short-term test of the 1M PP, the long-term projection remains bullish. We still need to observe how the supports will hold up.
TradeWithTheTrend3344
NZD/JPYSupport and resistance are critical concepts in technical analysis:
1. **Support** is a price level where buying interest is strong enough to prevent the price from falling further. It represents a zone of demand and is seen as a potential buying opportunity.
2. **Resistance** is a price level where selling interest is strong enough to prevent the price from rising further. It represents a zone of supply and is seen as a potential selling opportunity.
3. These levels are not fixed prices but rather zones where buying or selling pressure tends to concentrate.
4. Traders use various technical tools to identify support and resistance levels, such as trendlines, moving averages, and chart patterns.
5. Support and resistance levels help traders make decisions about entering or exiting trades, setting stop-loss orders, and managing risk.
6. When a support level is breached, it may become a new resistance level, and vice versa.
7. While support and resistance levels can be reliable indicators, they are not foolproof and should be used in conjunction with other analysis methods.
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
NZD/JPY For Bullishwe have 2 scenarios here
scenario A:
if price break current resistance then will go long and take target 3 which high daily resistance
scenario B:
if price fail for breaking then i think it will pull-back for correction and create higher low between 50:61 fibo levels
have fun :)
Price is back at the top creating an ascending triangle.New highs are being created thus forming an ascending triangle, a potential shorting structure. Wattching PA at lower TF is very important
TIME TO BUY NZDJPY for a long the market as gone below its intruistic value and we are now on a margin of safety, and finally this is a growth pair
NZD/JPY SENDS CLEAR BEARISH SIGNALS|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 12H 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 94.348 area.
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NZDJPY NZDJPY price is near the important resistance zone 96.67. If the price cannot break through the 96.67 level, it is expected that there is a chance that the price will decline. Consider selling in the red zone.
>>GooD Luck 😊
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Sell NZDJPYNZD JPY break thier Last LH we can pu sellstop order at giver point and make some good profit
NZDJPY Potential Resistance Breakout At 96.736 03.05.2024- Potential resistance breakout at 96.765 on 30-minute NZDJPY chart.
- If breakout holds, high chances of exchange rate rising to 97.112; breaking 97.112 may push it higher.
- If breakout fails, high chances of exchange rate dropping to 96.440; breaking 96.440 may push it lower.
- Apply risk management
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NZDJPY 4 June 2024Trading Plan
Buy on demand area(96.212 - 96.064)
SL on 96.037
Reason To Buy
RBR good base with 1 candle
Strong legout and create imbalance
Fresh demand area
Origin demand area
good R:R minimum 1:2
Overlapping zone with h4
NZDJPY ShortZooming out to Monthly time frame and looking left suggest NZDJPY testing ALL time price Highs. Looking at 1W and 1D time frames Supply Zones indicate candles getting rejected.
My own COT Commitment of Traders Analysis also suggest a Short.
NZDJPY POSSIBLE SHORT TRADEThe pair has been trading in a bullish trend for some time. It recently got rejected from a strong resistance zone and now looking to retest the same zone.
If the price will be clearly rejected from that zone, I'll be looking for short trades.
Please do your own analysis before placing any trades.
Cheers and happy trading.
NZDJPY Approaching the top of 3.5 years Channel Up. Strong sell.The NZDJPY pair is trading on the 4th straight green 1W candle and is approaching the top (Higher Highs trend-line) of the Channel Up pattern that started on November 2020. Even though it may extend to a +9.30% rise (the smallest long-term it had within the pattern), selling now offers excellent Risk/ Reward conditions. Our target is 92.000 (Higher Lows trend-line).
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A head and shoulder setup after the 127% extension test.Intraday Update: The NZDJPY is developing a head and shoulder pattern with the neckline at 95.40.
It's a setup until the neckline breaks. Then bearish.
NZDJPY: Time to Buy 🇳🇿🇯🇵
NZDJPY formed a nice cup & handle formation on a strong horizontal support
on an hourly time frame.
I made a decision to buy the pair after a breakout of the neckline of the pattern.
I expect a growth now at least to 96.2
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NZDJPY dropping soon?After watching and trading this currency pair for months I've noticed NZDJPY is now in an important resistance from 2007 around the price of 97.792 and from that time up to this current day this pair broke out of what seems to be a wedge (ABCDE formation) and a breakout and retest occured between the last few days of April into the first week of May shooting price close to the range of 97.000. It didn't quite reach it and the pair is slowly gaining some bearish momentum. This could possibly be the reversal point now the some bearish order blocks were created on higher time frames such as the 1 hr up to the 4 hr and my RSI shows strong bearish signals. When using the daily time frame volume has been somewhat decreasing even though price was still moving up which means it can collapse changing direction. It would make sense seeing that there are liquidity zones that have not been swept for example 87.741- 87.705 and 80.695- 80.464. In conclusion this is a scenario that may very well happen if price doesn't make a higher high above 97.792 breaking resistance making it support. Price can drop as low as 80.100 and even lower to 68.000
NZDJPY - SELL
Another Example of Un-winding Positions
Nothing has Changed as far as Carry Trade goes but this is what they do
Probably use latest News from Jappan
Consumer Confidence to say "Hey we better Sell"
Bearish Divergence in NZDJPY pairA bearish divergence is formed in NZDJPY pair in an hourly timeframe. The previous bearish trend reversed after the divergence making new HLs and LLs. The current bearish trend is a good point for shorting.
