NZD JPY Trade.
NZD/JPY Trade Setup
The NZD/JPY pair frequently breaks through order blocks to grab liquidity before reversing.
FVG and Bullish Engulfing (M3):
Look for a Fair Value Gap (FVG) on the M3 timeframe.
Confirmation comes with a bullish engulfing candle forming within the FVG.
Market Structure Shift (MSS):
Wait for a market structure shift above the FVG, signaling a transition to bullish momentum.
Target: Aim for a 30-pip move.
Asian Low Taken Out:
Price tends to take out the Asian session low, acting as a liquidity grab before reversing.
Fibonacci 61.8% Rejection:
Watch for price rejection near the 61.8% Fibonacci retracement level, adding confluence to the setup.
H1 Order Block Behavior:
The NZD/JPY pair has a tested tendency to break H1 order blocks to grab liquidity before moving in the intended direction.
The NZD/JPY pair frequently breaks through order blocks to grab liquidity before reversing.
FVG and Bullish Engulfing (M3):
Look for a Fair Value Gap (FVG) on the M3 timeframe.
Confirmation comes with a bullish engulfing candle forming within the FVG.
Market Structure Shift (MSS):
Wait for a market structure shift above the FVG, signaling a transition to bullish momentum.
Target: Aim for a 30-pip move.
Asian Low Taken Out:
Price tends to take out the Asian session low, acting as a liquidity grab before reversing.
Fibonacci 61.8% Rejection:
Watch for price rejection near the 61.8% Fibonacci retracement level, adding confluence to the setup.
H1 Order Block Behavior:
The NZD/JPY pair has a tested tendency to break H1 order blocks to grab liquidity before moving in the intended direction.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.