NZDJPY Buy Trade IdeaI think with the shift in market structure, it confirms the reversal and we are now headed into a buy program, aiming for the BSL.Longby UnknownUnicorn46588180Updated 0
SELL NZDJPY Bearish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 89.95, which sits close to the channel resistance. This could offer an entry point near a potential reversal point. Target Levels: Initial bearish targets lie at the support levels of 89.30 and 88.92, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 90.30. This helps limit potential losses if the downtrend breaks unexpectedly. Fundamental Updates : JPY - Service PMI - Now comes with Positive data. Weaker New Zealand Business PMI: Recent data showed a decline in New Zealand's Business PMI for January, raising concerns about the country's economic health and potentially weakening the New Zealand Dollar (NZD).Shortby KABHI_FOREX_TRADINGUpdated 101053
Sell opportunity for AUDJPYMarket has retraced the major imbalance and now created a double top. It also broke Fridays consolidation, and created a new low. After the new lower high is created, wait for it to break structure again (lower low) for stronger confluence. However, you can jump in for a sell at the new lower high. Only reason I won’t is due the macd retracement. Shortby fathielsayed2
NZDJPY-IN BEARISH TRENDNZDJPY is in a bearish trend in 1h timeframe and printing new LLs and LHs, the price came down with liquidity to hunt above with a proper OB, we can target the LL for our full tp, what do you guys think?Shortby Profithunter711
NZDJPY-bias short Bearish indications: Double top formation. LLLH Bearish engulfer candle from resistance . Resistance at 90.250 is respected. Trend line resistance respected. Shooting star candle in 4 hr time frame. Trade plan bias short @ 90.064 SL:90.317 TP1:89.773 TP2:89.546 Shortby gouthamkulal13
Short on NZDJPY full analysisIt's much simpler than it looks... 1. The ascending channel (left) has broken downward. 2. The price went back up in an ascending channel, and tested the breakout. 3. A sharp downward breakout, with an Engulfing candle, creating a descending channel. The target according to this candle is at 88.923 4. Another Engulfing candle, rising this time from the bottom of the channel, and its target - at the top of the green triangle 90.445 The upper point combines between: (a) A significant price point (I marked it long before the move happened) (b) Pullback to 0.786 Fibonacci, which is an excellent correction to the red Engelping candle. (c) The upper border of the descending channel. If indeed at the upper point, conditions will be created for shorting - this seems to be an excellent point with a good risk versus profit range. It is important to note - it is not necessary for the price to rise again to that point, the conditions are more suitable for the short. 90.334 is an important resistance point on the way up. 89.372 is an important support point on the way down.Shortby koolmusUpdated 223
NZDJPY short move Price is rising toward our bearish order block of 90.198 a pullback resistance that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 89.374. If price breaks above the pivot, it could rise to 1st resistance at 90.36, a swing-high resistance level. Shortby OCBE-FX3
Testing Lows: Anticipating Bullish MomentumHello Everyone, We anticipate a test of either the one-week low or possibly the one-month low before witnessing a bullish continuation. TradeWithTheTrend3344Longby TradeWithTheTrend3344Updated 1
NZDJPY Breakout and Potential retraceHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 90.400 zone, NZDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 90.400 support and resistance area. Trade safe, Joe.Shortby JoeChampion6
A Successful Long Trade on Bullish Butterfly PatternThose who went long on the NZDJPY Bullish Butterfly Pattern might have profited more than 100 pips (~1,000 USD/lot). The trader suggests waiting for a Type 2 Butterfly Pattern at 89.35 or a retest of support at 89.73 for a counter-trend buying opportunity. What's your trade plan for NZDJPY?Longby RaynLim0
✅NZD_JPY WILL GO DOWN|SHORT🔥 ✅NZD_JPY is retesting a Broken wedge and after That I will be expecting a Bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx112
NZDJPY: Bullish Continuation & Long Trade NZDJPY - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy NZDJPY Entry - 89.408 Stop - 89.052 Take - 90.242 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignalsUpdated 115
NZDJPY: After BOJ...NZDJPY: After BOJ... Following the January policy meeting, the Bank of Japan (BoJ) left policy settings unchanged as expected. The interest rate and the 10-year Japanese government bond yield target are maintained at -10bps and 0%, respectively. The BoJ also held the yield curve control (YCC) strategy steady by allowing 10-year government bond yields to move up to around 1.0% - as repored by fxstreet For the moment JPY pairs reacted bearish. Everything was according to the expectations. We can see the bearish wave to begin again not because the BOJ is taking further steps but because the market is waiting again for BOJ to do any big sell again as they did during the previous month. For the moment the pattern is bearish. You may find more details on the chart. Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Shortby KlejdiCuniUpdated 2229
NZDJPY short movePrice has retrace to our bearish order block and reacted bearish and from the current price level i will like to see price continue to move downward towards our 1st support level, Shortby OCBE-FX0
NZDJPY GBPJPY SHORTretested up, pair is heading down. following USDJPY. going short here on Peak here would be catch to daily short , would be GEM Cheers,Shortby Fx_Stuns1
✅NZD_JPY SWING SHORT🔥 ✅NZD_JPY broke out of The narrowing wedge pattern And the breakout is confirmed So we will be expecting A bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFxUpdated 1121
Short in NZDJPYI am currently in a short position on the NZDJPY currency pair. This decision is based on the technical and fundamental analysis I have conducted, which indicates that the price has reached a key supply zone. Upon careful observation of the chart, I have identified that the price has reached a significant resistance level, suggesting a high probability that the bearish trend will continue or even intensify. Furthermore, the technical indicators support this outlook, showing bearish divergences and signs of bullish exhaustion. Additionally, considering the fundamental landscape, the Japanese economy exhibits signs of strength, while New Zealand's economy is in a relatively weaker position. This could translate into increased demand for Japanese yen and downward pressure on the New Zealand dollar. In conclusion, my current strategy involves maintaining a short position on the NZDJPY, capitalizing on the supply zone and the technical and fundamental signals that support a bearish trend. I will closely monitor market movements and adjust my trading plan accordingly to maximize profits and effectively manage risks.Shortby JuanHernandez1
SELL NZDJPY 💲💀💲 №305FX:NZDJPY Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubtShortby AltapovUpdated 0
NZDJPY: Bearisdh Breakout ShortPrice broke out of the rising wedge pattern to the downside. As you can see, the RSI indicator is also in the oversold territory. I believe we might see a pullback to test the overlap resistance zone which also aligns with the 50% Fibonacci retracement. From where I would be anticipating a bearish rejection driving price to the 1st support levelShortby ChrisLaw16
NZDJPY, Personal Favorite Model for Selling Short this PairHello Traders, Hope you Guys are enjoying your Holidays during this winter season. i just came across one of my favorite model trade setup on NZDJPY pair for selling short above 90.43 and target around 87.70 or below levels with a Solid stoploss placement at 91.52 level. This is going to take time to pan out as we are in slow mode and holidays period of the calender year. so have patience and risk little % of your capital . Wish you a Very Merry Christmas's and Happy New Year Rizwan AliShortby Rizwan-AliUpdated 2
NZD/JPY BEARISH BIAS RIGHT NOW| SHORT Hello,Friends! We are targeting the 90.142 level area with our short trade on NZD/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅ Shortby EliteTradingSignalsUpdated 112
KEEP IT SIMPLEHey Traders, Many are focused on US News that comes this afternoon. Mostly, that's because a change in inflation can cause a large chance in the decision making for the Central bank in that economic zone. The USD has persistently gained value over time, causing a sustained downtrend. With every pull up, comes a following pull down. The last being relatively recent and not causing an enormous immediate fall. Longby dcmbempiregroup1
NZDJPY Buy IdeaFollowing a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Buy decision.Longby Uncle_JakezUpdated 6