NZDJPY Continuing bearish on market sentimentNZDJPY continuing its bearish trend based on market sentiment. Planning sell entry at the golden 0.618 level which can also be considered as previous support now turning resistence.
NZDJPY trade ideas
NZDJPY IS PRINTING INVERTED CUP & HANDLENZDJPY is in bearish trend it print inverted cup & handle my tread plan is mentioned in chart
NZDJPY SELL NZDJPY has been in a downtrend and will likely to continue that trend as it is posting s a bearish flag continuation pattern. Also a 15 Min Bearish Divergence on the Rsi can be observed.
NZDJPY is Bearish - SellI will be watching patiently to see how the situation develops with NZDJPY to short the pair. The price is currently at a strong monthly resistance. The last time the price was at this level was in July 2007, and I envisage that the price cannot break above this level on the first test.
My bearish outlook is further reinforced because the weekly candle closed bearish.
My first target is 94.000.
If you are a patient trader, you could target 90.000.
NZDJPY 4hr reviewNZDJPY on the 4hr showing strong signs of moving in the upward direction for the upcoming week as shown in the diagram. The green zone indicated possible point for taking profit.
Why I'm selling NZDJPY W7Hello!! This trade is based on 4H-1H and technical analysis only.
Deep pullbacks on an uptrend
Divergence
Triple top
Accumulation and distribution
Let me break it down:
We have been in an uptrend for about a month but we are starting to see signs of reversal.
The market tried twice to break the highest high of this trend but failed ultimately creating a tipple top and a divergence.
Every time it failed to take out the highs we saw strong bearish candles.
We started seeing deeper pullbacks indicating weakness.
If price breaks this strong level it will be an indication that we might be going down.
NZD_JPY SUPPORT AHEAD|LONG|
✅NZD_JPY is going down now
But a strong support level is ahead at 95.13
Thus I am expecting a rebound
And a move up towards the target at 96.00
LONG🚀
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NZDJPY Bullish ContinuationHello Everyone!
How are you all?
NZDJPY is a pair to watch this week, because it is shaping up very nicely for a bullish trend continuation that we can capitalize on.
So, I will be looking for a bullish continuation because of the following reasons:
1. The overall trend is bullish.
2. The price has formed a continuation structure and it is approaching the value area.
3. COT report shows that Nzd has 29,791 long positions and 22,586 short positions; Jpy has 40,427 long positions and 172,528 short positions.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the Low, and makes a bullish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
NZD-JPY Support Ahead! Buy!
Hello,Traders!
NZD-JPY has established
A triple top pattern and
Is going down now which
Makes us somewhat
Bearish biased, however
The pair will soon be
Retesting a strong
Horizontal support level
Of 95.27$ from where
We will be expecting
A local bullish rebound
Buy!
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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
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.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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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