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New Zealand Dollar / Japanese Yen

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New Zealand Dollar / Japanese Yen forum


goh8888lester
NZDJPY

Institutions are dangling the carrot, for the past me I would enter here, as the price retraces back to the resistance level of the Bear Flag.

Breath deep, feel it in your diaphragm, and let go.

Previous entry I also mentioned about this bear flag setup.

Actually, nnot to say the flag or pennant or what is not good.

They are good setups, just that when you apply such setups on the lower time frame, it becomes unstable, and inaccurate because the overall momentum is being guided by the higher time frame, most of the time.

So, you got to see the higher time frames patterns, movements, direction first.

Understand where the anime con is going to be held at, and plan your booth and marketing strategy to promote your booth.

If the anime con has been held at suntec convention hall in singapore for the past 10 years, then you could expect the anime con to be held there too, this year.

Marina square is near suntec, orchard road is near suntec, and the train you are taking might pass by orchard road, and the public transport might pass by marina square while people make their way to the anime con at suntec, but would you open a booth at marina square, or orchard road, hoping to earn from the anime con goers?

Maybe, some might pop by, but you will be missing the majority of the crowd and business(assuming your booth is a sound and logical business idea with good following, and that you are positioned at a good area to draw in the crowds.)

I seen for almost 2 decades that, eventually the sand settles.

Let the sand settle, and you do your thing.

Do good things, correct things(not right things), and you might miss alot of oppportunities, but you will still eventually be like the water in the bottle where the sand settled.

1630SGT 27032025

tldr be patient.

miss opportunities rather than enter wrongly.

Strong movements without you will still eventually come back to fetch you if the big players didn't get enough discounts and enough supply, and more often than not, the big players do not get enough.

What is yours will be yours.

1632SGT 27032025

I seen it in my acquaintance groups that those who do good and do correct will more likely than not get sifted into the categories they positioned themselves to go to.

1632SGT 27032025
Snapshot
goh8888lester
NZDJPY

Previously, I would have entered here because price is consolidating before the continuation.

I learned this from Rayner. Not to say Rayner is bad, but I might have misunderstood his meaning. Also, he did mention that it wouldn't always hold true.

Back to topic.

Now that I learned about the pot stabbing incidents, the blue lines I drawn and blue arrows drawn depict where previous stabbing incidents occured, "out of the blue" even though price did show signs that it is going to consolidate then continue its downward way.

The examples shown are not perfect, but the idea is there.

Do not, just because price is consolidating in your direction, and you enter on it thinking price would continue its way in your intended direction.

Those who entered on the consolidation becomes liquidity for the hunters, because their stop loss gets triggered, because they placed it at the top or above the swing high of those stabbing incidents area.

I would instead, enter at the stabbing incident areas, because those areas are where the real discounts are being offered.

I might miss the deal, and it's ok.

I also think that losing isn't as random as gurus make it out to be.

Losing is because big institutes or a large group of people decided to buy or sell something together or at very close timings, or in conseccutive time ranges, leading to trends that move against the market norms.

Blue - Marketplace where the real discounts are being offered aka stabbing the pot.

red - Areas that show price consolidating, and will be continuing on their jolly way in a while "hopeful traders".

orange - Double bottom, W, spikes, also know as the places where institutional traders stab the pots at, to get the liquidity they need, to get the goods they want at the best prices possible, from hopefuls who placed their SL just beyond the tip of the spikes, because they banked in on the consolidation, and if they place their SL too deep beyond the spike tips, their 1 to 2 risk to reward would not be possible.

2355SGT 25032025

I thought i was smart, but actually now I realised I too am so ignorant because I entered on the consolidations for so many years being a hopeful, and theres no many traders who said to not put the SL at the tip.

I thought the tip was the consolidations tip, so, I placed it on the spiked tip instead(due to ATR buffer, too), and I got mixed results.

Now I know.

1st - Choose your
best discounted marketplace to buy to sell at.

2 - Consolidations are traps.

3 - If you missed the opportunity or it didn't come, its ok. You don't take much trades a month.

4 - Take care of your emotions and mood and mental health if you want to be a good trader. And that includes getting your dopamine from the right sources, like money from work instead of hoping you get it from trading. and, eating well. You dont haveenough to eat well? Go get a real job, first. Really. Even 10$ a day is better than nothing. And dont make babies or have a gf or bf. Really. Focus on yourself.

1159SGT 25032025
Snapshot
RebornFXTrader
The NZD/JPY pair has been in a downtrend, showing a semi-consolidation phase on the 4-hour timeframe. A minor key resistance level at 86.500 has been established, where price initially attempted a breakout but later reversed, likely as a liquidity grab to trigger stop losses.

Currently, price is trading within a liquidity zone, and our strategy is to wait for a confirmed breakout above 86.500. A 4-hour candle close above this level would confirm bullish momentum, at which point we will look for a buy limit order at 86.900, anticipating further upside.
Snapshot
NYP86UK
NZDJPY I'm selling this from the Premium price and at the break of the M ! Good luck
Snapshot
NZDJPY
Technical Analysis
The NZDJPY pair is currently testing the upper boundary of its descending channel, signaling a potential shift in market sentiment. Despite the backdrop of local USD strength, bullish momentum appears to be gradually building.

Key Technical Outlook:

Resistance Focus:
The 85.240 level is a critical resistance point. A decisive move and sustained price action above this level could open the path toward the next targets at 86.13 and 86.88 in the short term.

Support Zones:
Immediate support levels are identified at 84.500 and 84.000. These levels could provide potential buying interest if the price retraces.

Market Dynamics:
Initial testing of the 85.240 resistance may trigger a minor pullback, possibly revisiting the recently broken channel boundary due to liquidity considerations. However, if the price consolidates firmly above 85.240, it could confirm bullish control and strengthen the prospects for further upside movement.


Traders are advised to monitor price behavior around the 85.240 level, as sustained consolidation above this point may signal continued bullish momentum.