After a bearish run, the market does respect the support level but fails to push RSI to the oversold region, which became a concern for me to engage in my initial trading ideas. I will wait for further confirmation before engaging on the trade.
we are looking to go long on this on a midterm.. though we are very close to the top of the curve
Have a closer look at NZDJPY, a 4hourly chart. My setting to the chart is (UTC +3), which means the candle close will happen at 1 pm (GMT +8). For this setup, I will not wait for confirmation on the 1hourly chart. You will understand why if you have a strong trading foundation.
The New Zealand Yen: Rebounded from the harmonic buying zone, the expected levels to rise are indicated on the chart ... with the importance of not breaking the rebound zone by closing
#NZDJPY NZDJPY should be slightly SELL because the MARKET RISK is off now. 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. Either way, NZDJPY should be LONG TERM DOWN. Anyway, the PRICE can go down again on the NZDJPY...
If price remains above 85.472 will look to long NZDJPY back to swing highs at 87.865. If you agree drop a like and if you have any questions leave a comment :)
NZD-JPY has retested a key horizontal level AT 86.500 And then broke the local rising support So now I am bearish biased And I think that Pair will go further down
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
NZDJPY is in supply area and potential to move down from Key Level
The price has reached the levels of demand and there is a response, I expect the price to rise, targeting supply levels
NZDJPY - Intraday - We look to Sell at 86.40 (stop at 87.00) Previous support located at 85.50. Previous resistance located at 86.00. Posted a Double Top formation. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 84.90 and 84.80 Resistance: 86.00 / 86.40 / 87.00 Support: 85.50 / 85.00...
NZDJPY Long 3 waves back retracement. Chasing the long side for trend continuation
H4 - Price is blocked by a key resistance zone. Bearish divergence. Lower lows. H1 - Bearish trend pattern. Until the key resistance zone holds, my plan here is to sell pullbacks in the short term.
#NZDJPY NZDJPY should be slightly SELL because the MARKET RISK is off now. 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. Either way, NZDJPY should be LONG TERM DOWN. Anyway, the PRICE can go UP again on the NZDJPY...
Hello Traders, The NZD.JPY has broken resistance level of 86.72. This pair has been sideways for a while. If price breaks 87.81 I will go long; however, this is something to wait and see what the price will do. the price can break to the upside or the downside; I'm waiting for price confirmation. Let me know your thoughts about his pair. Happy trading.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart NZDJPY is approaching a resistance zone so we will be looking for sell setups. Knowing that NZDJPY can still trade higher inside the zone before going down. That's why we don't sell blindly, we always zoom in to lower timeframes and wait for the bears to...
Double top on NZDJPY with first TP1 on the Leonardo level and TP2 on 61,8 % fibonacci retracement or retest the leonardo level and return to the downtrend
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...