{"id":13644,"date":"2023-05-05T11:41:36","date_gmt":"2023-05-05T11:41:36","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13644"},"modified":"2023-05-22T11:43:32","modified_gmt":"2023-05-22T11:43:32","slug":"nzdjpy-buy-opportunity-with-its-invalidation","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/05\/05\/nzdjpy-buy-opportunity-with-its-invalidation\/","title":{"rendered":"NZDJPY Buy opportunity with its invalidation."},"content":{"rendered":"<p>The NZDJPY pair has been on a strong rebound ever since the April 26 hit on the 1W MA100 (red trend-line), which has been the major long-term Support. Even though it got rejected on the 85.265 Resistance, as long as the 1D MA50 (blue trend-line) holds, we will be bullish targeting the bottom of the Resistance Zone at 86.500. The 1W RSI is printing a pattern similar to October 2021 &#8211; February 2022, supporting this bullish scenario, as the price has also broken above the top&#8217;s Lower Highs trend-line.<\/p>\n<p>On the other hand, if we close a 1D candle below the 1D MA50, the bullish case will be invalidated and we will sell targeting the 80.600 Support.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/NZDJPY\/0JGV2YVA-NZDJPY-Buy-opportunity-with-its-invalidation\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/NZDJPY\/0JGV2YVA-NZDJPY-Buy-opportunity-with-its-invalidation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NZDJPY pair has been on a strong rebound ever since the April 26 hit on the 1W MA100 (red trend-line), which has been the major long-term Support. Even though it got rejected on the 85.265 Resistance, as long as the 1D MA50 (blue trend-line) holds, we will be bullish targeting the bottom of the<\/p>\n","protected":false},"author":611,"featured_media":13645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13644"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13644\/revisions"}],"predecessor-version":[{"id":13647,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13644\/revisions\/13647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13645"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}