Waiting for the US session to open before executing a buy
sell idea 4 hr timeframe Rejection from weekly and daily timeframe area Head and shoulder pattern no Bullish diversion at the break of Neck line sell stop 92.57 stop loss 93.17 tp1 91.94 tp2 91.32
In 2007, before the Great Recession, the price reached an all-time high of 97.791. After that in December 2014 the price was at 94,050 and from that moment we saw a down trend for the next 1,904 days and the price fell by 36% to 59,502 and then we got the COVID and from that moment the trend changed. From the 2020 low, the price has currently jumped by 47% and the...
Is NZDJPY exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 91.500. What you guys think of it?
D1 - Strong bullish momentum. Higher highs. No opposite signs. H4 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
NZDJPY SELL opportunity 92.99 TP 92.78. NZDJPY SELL opportunity 93.355 TP 93.18 Confirmation after the breakout support level. If Broke through Resistance will reach to next Pressure level 93.18. The Current Resistance level is 4H 93.452 and support is 92.65
update SELL NZDJPY NOW ✅ STOP LOSS : 93.464 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance of a possible...
NZD/JPY is falling towards a potential breakout level and could drop lower from here. Sell entry is at 92.699 which is a potential breakout level. Stop loss is at 93.100 which is a level that sits above an overlap resistance. Take profit is at 92.369 which is a pullback support that lies above the 50.0% Fibonacci retracement level. High Risk Investment...
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. We are trading at overbought extremes. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish...
Waiting for a clear sell signal near higher high price level (93.423), Clear sell signal is expected either double or triple top with clear RR , hammer or any reversal candle sticks to confirm. Price could also extend but , the Yen has been over sold while commodities prices have been steadily increasing. The Yen is also a safe haven currency but Japan has a...
If NZD/JPY sold off too early then I guess I've missed a good trade. It is unfortunate that entering at this point in time would be too great of a risk for me,unless otherwise the market does give "the last kick of a dying horse" quick rise to the fibo levels zone of multiple time frames. Only then can I enter a sell trade down to the next fibo touch. Either than...
"I have taken a long position on NZDJPY as the price has reached a significant demand zone, indicating a potential price appreciation. This decision is based on technical analysis highlighting the importance of this key zone. I will closely monitor price action and market conditions to capitalize on this trading opportunity. It is essential to apply strong risk...
Institutions on the COT report are buying NZD, and aggressively selling JPY. Retail sentiment shows 90%+ selling. Very clean trend, consistently making higher highs and higher lows. On the most recent high, the volume remained high, signifying a trend continuation. The last retracement reaching fib 75% shows a possible but early start off of a Wyckoff...
Simple Supply and Demand. Set your pending order, place your allowable SL and wait for price to do its thing.
Taking a looking at NZDJPY, I am waiting for price to pullback into support or the three golden levels of the fib before buy all the way to the upside,
NZDJPY pair completed the digestion,market can touch the above resistance level
Hello Everyone, The NZD/JPY has recently surged to its highest level in a year, and despite hitting this milestone, further bullish momentum is anticipated. Key resistance levels to watch are at 92.748 and 96.278. It remains to be seen whether the former resistance level at 92.748 will now serve as a support level in the future. Regardless, increased volatility...