Hello Traders,
Hope you all are doing good!!
I expect NZDJPY to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market...
Nzdjpy is all set for buy position as M30 and H1 trendline show that for scalpers its best oppertunity for going long for this pair to H1 tree resistance level and the we will decide what next as on H4 the pair is forming a Head and shoulder pattren but if it fails it will go upwards rally to its daily Resistance level
Good Day.
i've had my eyes on NZDJPY for a Long time now.
i'm looking at a potential Bullish reversal at the Support level which has a Demand Zone on H8 TF.
Price has been at this zone for about 24 hours with multiple Exhaustion Candles and now we have a potential Bullish
which may serve as a potential Confirmation for Entry for a BUY!
OANDA:NZDJPY
The price reached the bottom of the channel and, like last time, it also formed a hammer candle. RSI is also the same as before. However, the current hammer candle has not yet been confirmed and this makes this trade somewhat risky.
The main reasons this move more likely will happen are the followings:
-If we look the CFTC, non commercials are shorting JPY aggressively with 117,420 short positions open. 23,135 of those positions were open last week. Only 36,760 positions are long. This means that JPY is getting weaker because non commercials are shorting more than longing.
-If we look the...
Hi Traders, a long entry can be take in NZDJPY as we have seen an end of bearish trend along with a bullish divergence which indicates bullish trend. The setup is marked on the chart for entry.
Cheers.
Waiting for a retest of 84.965 to long NZDJPY back to the daily swing high at 87.293
If you agree drop a like and if you have any questions leave a comment :)
Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: As I expected here price filled the imbalance higher and rejected from bearish order block. Now I see price to take sell side liquidity, fill the imbalance and then to reject from bullish order block + institutional big figure 84.000.
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Waiting for a retest of 85.287 to long NZDJPY back to the daily swing high at 87.853
If you agree drop a like and if you have any questions leave a comment :)
Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here I expect bearish price action as we can see that price filled the 4H old imbalance and rejected from bearish order block + institutional big figure 87.000.
Fundamental analysis: Next week we have news on NZD, will be released Cash Rate, that was forecasted to increase with 0.25%. Pay...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern and coupled with bullish divergence at potential reversal zone (PZR)
Entry, SL & TP Levels are defined.
Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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NZDJPY - 24h expiry - We look to Buy at 83.65 (stop at 83.25)
Previous support located at 84.00.
Previous resistance located at 84.25.
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 84.65 and 84.85
Resistance:...
NZDJPY - 24h expiry
Previous support located at 84.25.
Previous resistance located at 84.50.
We have a 38.2% Fibonacci pullback level of 81.50 from 85.50 to 84.00.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 84.50 will confirm the bullish momentum.
We look to Buy at 84.00 (stop at 83.60)...
very strong rise hope the price give us an opportunity of bull back
note
if decide to take the trade after 1h good green candle from 150 ema
very welcome to give your opinion:)
