Price 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 level
Hello 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...
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✅
Hey 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...
Following a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Buy decision.
Hey 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...
📈 Overview: NZDJPY, amid a bullish trend, shows a bullish divergence near its higher low. The current retracement from the 0.618 Fibonacci level suggests potential upside. 📊 Technical Analysis: Bullish divergence and retracement from 0.618 indicate a favorable risk-reward ratio for potential long positions. 📉 Trade Strategy: Traders may consider long positions,...
Hello friends In the NZDJPY currency pair we see the formation of a triangle. Triangles always appear in wave 4 or B in a zigzag. Considering that the previous wave of this triangle is a complete 5-wave, then we are facing a zigzag. Usually, in triangles, a wave can be a triangle or a zigzag. But weakness in wave E is always accompanied by overlapping and absence...
NZDJPY is making a rising wedge and is unable to break a specific resistance zone and will probably go in a downtrend if it breakdowns the previous Support Level.
Hello,Friends! It makes sense for us to go short on NZD/JPY right now from the resistance line above with the target of 89.803 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Check out these advanced trendline trading techniques for NZDJPY. If you're seeking a counter-trend trading opportunity, watch out for a Magic Candle Confirmation (MCC) on the Bearish Trendline. This will signal an entry point for a short trade. Once the pair touches the next trendline, consider shifting your stop to entry and decide whether it's a...
Manage risk during news time, intraday trade tp and sl mentioned not a financial advice
A bearish triangle pattern has emerged on the NZD/JPY 30-minute chart, signaling a potential decline in the pair's value. Key Points: 1. Triangle Breakout Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. 2. Sell Entry...
I am expecting NZDJPY to BUY LONGTERM to a resistance level of 94.000 because there was resistance that was broken and is now a support
We are in a good SALES area in this pair, we can enter the market in areas close to 90,170📈📈 success to all, visit my profile in Spanish to see the other operations✅ 😄📲 COME ON!
NZDJPY - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy NZDJPY Entry Level - 90.028 Sl - 89.800 Tp - 90.560 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
intraday trade tp and sl mentioned not a financial advice