📅 Date: June 12, 2025
📌 Plan Type: Tactical Intraday Plan 📈
Bias: Bullish Rebound — potential continuation after clean corrective leg
Execution Style: Market order — confirmation-based entry on retest
🔍 Multi-Timeframe Structure Breakdown:
* Weekly: Price printing higher lows after bottoming in Q1 2025. Currently challenging a prior multi-week resistance shelf (87.00–87.50). Momentum is building but needs confirmation of acceptance above 87.20 for clean continuation.
* Daily: Mid-range continuation. Structure is bullish with recent pullback finding demand near 86.50. Current D1 candle shows rejection wick + body close green — price holding inside a bullish continuation leg.
* 4H: Bullish engulfing candle just closed after retracement into previous demand (~86.50). Price rebounding with strength. Break of minor bearish trendline — new impulsive phase could be underway.
* 1H: Sharp reversal from 86.50s with three strong bull candles and a short rejection wick. Current price has pulled into minor supply (87.15–87.25) but momentum favors upside continuation.
🎯 Trade Strategy:
🔹 Primary Trade Idea: Buy on Retest of Breakout Structure Setup Type: Pullback + Continuation Order Style: 🔶 Market (confirmation-based after retest candle)
* 📥 Entry Zone: 86.95–87.05 (pullback into H1 structure + imbalance area)
* 🛡️ Stop Loss: 86.48 (below 4H demand and engulfing candle low)
* 🎯 TP1: 87.50 (supply edge)
* 🎯 TP2: 87.95 (weekly resistance area)
* 🎯 TP3 (Extended): 88.30 (D1 extension zone / last swing high)
🧠 ForexGPT Elite Forecast Bias:
Direction Probability Reason
🔵 Bullish 78% MTF alignment, engulfing reversal from structure, no bearish rejection yet
🔴 Bearish Rejection 22% Only valid if price closes below 86.50 (HTF invalidation)
🧭 Trade Context Summary:
* Momentum building from higher timeframe structure.
* Volume candles (1H–4H) show acceleration, not exhaustion.
* Risk/reward favorable — clean invalidation and tight SL.
* Perfect tactical setup to trade NY continuation (if volume steps in).
🔁 Execution Notes:
* 💡 Wait for a bullish M15–H1 confirmation (e.g., wick rejection, inside bar break) from 86.95–87.05 zone before entry.
* 🧨 If price breaks above 87.25 without retest, then consider FOMO breakout continuation only if momentum candle breaks 87.30 with body close.
* ❌ Invalidation if price closes below 86.50 on H1/H4 candle.
📌 Summary:
NZDJPY offers a high-probability bullish continuation play. After a clean 4H pullback, price has resumed upward flow. Buy the dip into 86.95–87.05 with a tight stop, targeting 87.50+ intraday, scaling to 88.30 if momentum holds. This is a professional-grade play — let it confirm, manage risk with discipline.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.