NZD-JPY was trading in A rising wedge but then A bearish breakout happened So I think that we will See a move down!
Weekly is bullish BUT time for a retrace-meant daily has a bearish formation break and retest 4 hr is bearish waiting for confirmation for entry
NZD jpy looks to be topping here and have a good potential to drop #nzdjpy
Waiting for a retest of 88.150 to long NZDJPY back to 4H swing High at 89.557 If you agree drop a like and if you have any questions leave a comment :)
🔍 Dive into my latest analysis on the related article and compare it with my previous week's analysis. 📉 Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market. ⚖️ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart....
This trade will take a while but is so worth it. Last week's candle showing strong buying support; ready to breakout to new highs. Targets above in orange. I'll start 3 positions, trim 2 at the orange lines and the final at the supply zone above.
NZDJPY is in still in bullish trend. Buy 88.77 SL 88.46 TP 90 Happy profit! Good luck!
NZDJPY Buy Stop Loss: Targets: 88.9 89.0 89.1 89.3 89.5 90.0
NZDJPY is headed lower but there will be prospects of a bullish correction.
Let's follow the trend on NZDJPY! Now it is the best time to buy, because we have just seen a pullback on this one. The market is on bulls side now and technical indicators strongly support. Good luck! Please, like this post!
NZDJPY is trading in a long term bullish trend. The price broke and closed above a key daily resistance this week. After a breakout, the price started a correctional movement within a bullish flag pattern on 4h time frame. Retesting the broken structure, the price bounced and violated the resistance of the flag. It will most likely trigger a trend-following...
NZDJPY hit the top of the 3 month Channel Up on a peak formation that's the same as the previous Higher Highs. This is a prime candidate for a short position considering that the 1day RSI also displays a Bearish Divergence. Sell and target the 1day MA50 at 86.750, even though the pull back can extend as low as the 0.618 Fibonacci based on the previous Channel Up...
On NZDJPY, we have a bearish setup following yesterday's rally. As the price rose, it created a breaker block around the 0.8913 area. This will be our entry point for a long position with a target at 0.8966. The breaker block was formed on the M15 timeframe when the price broke out of the previous supply zone. It would be fantastic if you could share your opinion...
Pair : NZDJPY ( New Zealand Dollar / Japanese Yen ) Description : Rising Wedge as an Correction in STF Completed " 123 " Impulsive Waves RSI - Divergence SMC - CHoCH Break of Structure Impulse Correction
Pair : NZDJPY Direction : Short Result : +0.5%
The NZD/JPY currency pair has been exhibiting a consistent upward movement within a bullish channel. This upward trajectory has been punctuated by multiple instances of the price rebounding off the dynamic trendline. As a result, our bias remains strongly inclined towards a new long trading opportunity.
NZDJPY is moving in an ascending channel. The market has reached the major resistance level. The market created a divergence at a major resistance zone. The price is near the 89.000 psychological level, and if it rejects the level, then we might see a massive drop from it
For Kiwi, the RBA will be key but technically, the pair is testing last week's highs and there are prospects of a reversion to the trendline.