Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

NZDJPY - short term sell opportunity forming

13 May 2021 · 3 min

Watch on YouTube

2:39

In this video, Jordan delivers a concise technical commentary on the NZDJPY currency pair, walking through daily, 4‑hour, and 1‑hour charts. He highlights a repeatedly tested resistance zone on the daily chart that has held, accompanied by bearish divergence and pressure, suggesting that without a validated breakout to the upside the pair is likely to be pushed lower. He then narrows the focus to lower‑timeframe setups: a 4‑hour divergence followed by an impulsive 1‑hour structure ending in divergence, indicating pull‑backs that could lead to continued downside movement. Jordan identifies an “optimal zone” where overlapping levels from the lower timeframes converge, presenting a potential short‑entry area. He also notes that if the price were to break upward convincingly, the trade could be flipped to a long position. The commentary ends with an invitation for viewers to ask questions in the comments.

Chapters

What's up guys, this is Jordan and here we have another interesting setup, uh, on the QEN. Starting from the daily chart, we can see that the price came to the zone closer to date here around level right and multiple times attempted to go ahead and break it, which never actually happened. In the meantime, we're looking at this bearish divergence and this bearish pressure, and basically the idea is as long as this level holds and we don't get an official validated breakout to the upside, we're likely going to see a push down. Now this push down for the higher time frame could be turning into a range, could be turning into a complete reversal, even though looking at it from weekly perspective, I do believe we have a bit more room up which could be still coming. But, um, the setup which I'm going to share with you today is based on the lower time frame. So that means we can be still going and checking this lower time frame setups, enjoy from them. And even if it continues to push, uh, to the upside, we can still flip the trade later on and let's say go ahead and buy, right? Without going into too many analysis and wave structure, etc., again we're looking at this level. This is a 4-hour chart divergence now, and then you go to the 1-hour chart and basically you start looking at an impulsive structure right here ending with divergence. So basically the idea is very simple: we want to see the price giving us pullbacks and then we want to see continuation to the downside, and that's Pretty much the setup. Now what I'm definitely looking for when I'm doing my analysis is levels. So if I was to go back to this chart, that would be the optimal level. In this case, it's slightly larger, right? Very wide. But if we put the second one on it, you can see where they overlap right over here. So this is kind of the optimal zone which I would be looking for, uh, and following for potential sell opportunities to emerge. And yeah, pretty much that, that's the whole idea. If you have any questions, hit us up below with a comment and we'll get back to you as soon as possible. Thank you.