New Zealand Dollar / Japanese Yen forum

NZDJPY DTF Chart – Technical & Fundamental Analysis
On the DTF chart, NZDJPY is currently forming a consistent pattern of lower highs and lower lows, clearly signaling a bearish trend. The price has broken through several minor key levels — first at 86.800, then 85.000, and has now reached the minor key support at 82.500, which we identify as our Change of Character (ChoCH) zone.
After the breakdown below 82.500, the market started accumulating sell-side pressure from pending orders placed on the breakout. Now, price is moving toward a key liquidity zone, targeting stop-losses from those early sellers — a classic liquidity hunt move.
As of now, we have not yet seen a clear liquidity structure inside the zone. Our strategy is to wait for liquidity to form, and once confirmed, we’ll enter the market with the following setup:
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I have been eyeballing and have been all winners in march, except for one breakeven.(Not march, I meant April 2025).
1607SGT 10042025
And some orders not triggered because my bid price is too much(I asked for slightly more discounts than seller was willing to offer).
As seen on the chart, as usual I have placed my bid price slightly above the resistance level. I might not always place the bidding price to be higher than the asking price, but now I do it because I feel comfortable with it.
Everything is just a story telling process. I build up the story that I tell myself, to build up my confidence in this setup.
Because if your storytelling isn't strong, and the way you imagine things to move doesn't work out, you get damaged in your mind and that's when you start to deviate from your original methods.
"Maybe I could add this, or that. Or, I am tired it isn't working out, I'm so tired" etc.
Trading less for real also allow the mind to cool down. Prevents the metal from becoming overheated and warp.
Just like riding around the corner which says 50kmph. If you ride over 50kmph, and you are not as skilled as you imagined, the angle of your motorbike's trajectory widens, and instead of curving with the bend, you start to move outwards instead and ends up crashing.
Know your intend and role.
Actually theres no right or wrong, but theres consequences and outcomes.
If your action doesn't align with your intention, and understooded consequences and potential outcomes, then you will be in for a big "surprise" when things don't work out your way.
I like what the remiser Joey Yap mentioned, "there's a few ways to trade the market and there's many many many wrong ways to do it too". -paraphrasing him in his youtube ads.
All of these yapping is me talking to myself in my own way because I am painting a picture for myself.
If you read it, good for you.
1606SGT
10042025

Target 83.700
Stop loss 79.600
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