Hello all! The big bullish divergence combined with demand zone on the 1H Timeframe. After closing a big bullish candle we could have a look for a entry. Please consider this only like an idea.
It is based on indicators, on H4 and daily S/R. It is no financial advice. I am not a profi.
Hello Traders! This is my idea related to NZDJPY M30. I expect to see a bullish move until the price of 91.600. The JPY Basket is still bearish and I consider this argument an opportunity to look for a long entry on NZDJPY. Mos probable the price will hit the OB level. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this...
NZD/JPY has broken below a potential breakout level and could drop lower from here. Sell entry is at 91.126 which is a potential breakout level (wait for the current 1-hour candle to close below 91.126 for confirmation of the bearish breakout). Stop loss is at 91.450 which is a level that sits above a pullback resistance. Take profit is at 90.605 which is a...
NZDJPY: Descending channel - Very Risky Price completed a "Descending Channel" and so far we can also see a bullish breakout. It is very risky as forecast because JPY pairs are moving these days anyway it can work well as it is in line with the big trend. Strong resistance zones will be found near 91.55 and 91.75 Do your work before initiating any trade! ...
As we can see that double bottom pattern has been formed at the daily AOI on NZDJPY after the break and retest of the neckline we can look for buying opportunities. TP1 - 92.653 TP2 - 93.372
We have broken this structure now we except updrend to fill the Imbalance up.
This analysis highlights a potential bullish opportunity emerging from the convergence of three significant technical indicators: Broken and Retested Resistance: The price level at ~91.148, which previously acted as resistance, has been decisively broken and subsequently retested. This retest transformed the resistance level into a crucial support zone,...
NZDJPY is forming a double bottom reversal pattern with a bullish divergence which shows that there are chances that the price may go up when it breaks the previous lower high. We'll put the buy stop at the point with proper stop loss and take profit.
I really don't know which position to take, as it is an uptrend but has formed a bearish H&S Pattern on the 4hr timeframe. Probably lower time frames will give better insights but I will also support suggestion. Thanks
The NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 91.65, positioned near the current price within the channel. Target Levels: The initial bearish target lies at the 91.15 level, which represents the previous...
NZDJPY - 24h expiry Price action looks to be forming a top. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The rally is close to an exhaustion count on the weekly chart. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Bespoke resistance is located at 91.80. We...
The market has strong momentum toward the sellers side, it will touch above level and will go down
Hello,Friends! The BB upper band is nearby so NZD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 91.984. ✅LIKE AND COMMENT MY IDEAS✅
NZDJPY looking for short but there is big but if market break the neck line of perfect head and shoulder daily time frame
The currency pair is breaking the structure and preparing for further growth. The target at the moment is the resistance 93.4. The bullish trend, as well as the weak yen favorably influences the New Zealand dollar. Reasons for further growth: 1) Correction phase ends in an area of strong liquidity 2) False support breakout 3) Consolidation relative to PDH 4)...
The price can move up by hitting the entry point OANDA:NZDJPY