NZDJPY Drops A Bearish Reversal Swing Trade At Lower Highs

Checking the markets this morning I can see a lot of price action setups across the jpy pairs. Looks like most of them are building for a move lower.

We discussed the AUDJPY in the war room today, the EURJPY chart I posted previously here, now it is the NZDJPY’s turn.

We’ve got a nice bearish rejection day sitting after a lower high was made in this market. We can see the recent movement is bearish – so this aligns well with the momentum.

A swing level was also rejected in the process, and the mean value also located in the same area – creating a high value technical resistance area for reversal signal to form.

We may get a retracement entry here if we are lucky, but because NZD and JPY are both Asia session active currencies, a breakout may occur before the London session.

Weekly support waiting a little way below – a good logical place for targets.

Want to Try My MT4/5 Tools ? Download Here...

trade panel

Trade Panel

battle station

Battle Station

chart builder

Chart Builder

market analytics

Market Analytics

Howdy traders,

By popular request, I've release trial versions of all my custom MT4/5 tools myself and the War Room traders are using in our day to day trading.

Follow the download button below if you would like to try them out :).



  1. Mario comment display photo
    I saw that! ✊🏾 Powerful setup Dale!

  2. Steve Epperson comment display photo
    Steve Epperson
    Not sure what the fundamentals of the kiwi are--I really don't care. All I know is I've been short on NZD/USD since Thursday, and it really has formed a nice, tight bear channel. It's very reasonable that this pair should follow. I know you guys like a tight stop, but if I were trading this, I would put my stop above that double top for added probability boost. Just saying. Good luck to all.

  3. Per comment display photo
    I saw this setup today, sunday 2017-02-19. Prices did fall from here but came back later to print a higher top at 61.8% retracement and then it came down. It was a very nice looking correction. Like your work very much. Excellent trading and presentation skills. Very nice webbsajt indeed.
Your Feedback is Important to Me - Please Submit a Comment Here...