NZDJPY - Buying dipsNZDJPY - Intraday - We look to Buy at 85.75 (stop at 85.10)
Previous support located at 86.00. Previous resistance located at 86.80. Indecisive price action has resulted in sideways congestion on the intraday chart. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 87.25 and 87.50
Resistance: 86.80 / 87.00 / 87.50
Support: 86.00 / 85.75 / 85.25
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NZDJPY
NZDJPY H1: BEST Level to BUY/SHORT +100/+200 pips(SL/TP)(XABCD)Why get subbed to me on Tradingview?
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NZDJPY H1: BEST Level to BUY/SHORT +100/+200 pips(SL/TP)(XABCD)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as LONG because I expect reversal
from PRZ/point C of the XABCD
🔸 Summary and potential trade setup
::: NZDJPY 2hours/candle chart review
::: XABCD speculative setup
::: MARKET BUY NOW point C/reversal
::: SPECULATIVE SETUP / do your own due dill
::: for best results BUY/HOLD at market now
::: this is HIGHER RISK setup
::: point D is reversal / BEARS swing trade
::: BULLS BUY/HOLD and exit at point D/PRZ
::: expecting reversal TP BULLS at 87.60
::: LOWER RISK strategy: SHORT HIGH 87.60
::: SL BEARS 60 pips TP +200 pips 85.60
::: recommend to SHORT/HOLD TP1 +100 TP2 +200
::: recommended strategy: SHORT/HOLD point D/PRZ
::: final TP BEARS 85.60
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 85.60 fresh demand zone
::: 87.60 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/pump/9540
::: Sentiment mid-term: BULLS/reversal/C
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NZDJPY LowerI like trying NZDJPY lower here.
Technicals provide a good entry/stop level with a nice resistance level that we have bounced off a number of times this year.
Narrative wise i think we should be lower, commodities have moved a touch lower and yields seem to have peaked. We also have the RBNZ meeting tonight which i think is what is holding NZD strength up currently. I think i would lean to the dovish side for the meeting as the RBNZ was one of the first central banks to hike and have hiked the most so i am expecting them to turn dovish soon.
Inflation expectations have been a good indicator of direction in the pair and it is currently suggesting lower to me.
Sentiment and positioning have been extreme recently and i think this is still the case roughly.
Not trading/investment advise, feedback welcome!
NZDJPY PLAN!Hello traders around the world!
My name is Alexandre Karim from the primes community & today we will talk about NZDJPY.
First of all, let us take a look on the higher time frame (Weekly chart) and draw a major trend line catching the high of Monday 16 July 2007 (98.000) & the high of Monday 5 January 2015 (94.000) and prolong it till it reaches the current price (The TL will be slightly above it) the current price is at 86.066 (Its Sunday so the market is currently closed).
Our area to short NZDJPY would be around 90.000 / 91.000 & we will be waiting for a reversal pattern in this area to execute.
Since March 2020 the price is correctively moving up reaching our key area that we're waiting for. So on the daily chart we can draw an ascending channel from March 2020 till present. Focusing now on the upper TL of this ascending channel which we connected the high of Monday 1st of March 2021 (79.045) & the high of Monday 18 April 2022 (87.324) and prolonging it to see where the price might reverse.
The third area would be very recent which is the high of the middle section at 87.774.
On all of these areas we must wait for a reversal pattern to take a short position.
Patience is key.
#THEPRIMES
Clear head and shoulders pattern.I'd say this is a high probably trade, because you can clearly see the structure here even on a high timeframe. This pattern is very common, and it's called inverted head and shoulders pattern. It made a break, and is now back down for the retest. I see this as a good chance of continuation up. Good luck traders!
NZDJPY - LONG TRADE SETUPHello everyone 🙂 The good news is that everything is trending bullish and the 4-hour has recently crossed MA 20/50, confirming a bullish bias. On the 1-hour chart, we can see a nicely broken head and shoulders pattern crossing MA 200 with a recent bullish engulfing candlestick closure to confirm our entry. Powell's speech later in the day may have an impact on the trade, but the overall setup and price action appear to be favourable for an upward move.
Buying NZDJPY at swing low.NZDJPY - 21h expiry - We look to Buy at 85.40 (stop at 84.75)
Previous support located at 86.00. Previous resistance located at 86.50.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
A move through 86.50 will confirm the bullish momentum.
Our profit targets will be 86.90 and 87.00
Resistance: 86.00 / 86.90 / 87.00
Support: 86.00 / 85.40 / 85.00
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InvestMate|NZD/JPY Best opportunity of the coming month❗️📈❗️📈NZD/JPY Best opportunity of the coming month.
❗️📈In this post I would like to share with you a veritable gem from my side, reviewing the market carefully and analysing it very closely.
❗️📈I come to you with the NZD/JPY pair which, in my opinion, will be one of the best performing pairs in the coming month.
❗️📈I hope so at least.
❗️📈I could be wrong but I can never doubt.
❗️📈The pair as far as I can see, in my opinion, will show us increases, this can be seen from each of the intervals I analyse and it is over 8 different timeframes.
❗️📈If I had to pick just one instrument it would definitely be NZD/JPY.
❗️📈Let's move on to the chart.
❗️📈We have broken out of the support zone set by the fibo level of 0.886 and this has even been a key place in the past, just look at the chart. And the fact that we are above it only reinforces my assumptions about the upside.
❗️📈The most important is the resistance zone, which is located at new highs and was determined by the outer fibo measurement of 1.272 of the last largest downward correction and the 1:1 level of the largest upward wave from the bottom of this correction.
❗️📈I do not exclude any scenario, as one can never be 100% sure. I leave the probability in the hands of the market.
❗️📈The scenario I am playing out is a breakout of a new peak and a continuation of the upside to levels determined by the resistance zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
❗️📈 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY
By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days.
However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS.
Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 85.25 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF.
After that, you can definitely BUY at the 90.00 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
NZDJPY - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
As per my last analysis, we know that NZDJPY is around a resistance zone so we will be looking for sell setups.
on H4: Right Chart
USDJPY is forming a head and shoulders pattern but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, NZDJPY can still trade trade or even break the resistance zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich