NZDJPY heading for the golden fib zone of 61.8. Also a common zone for price action. Higher time frames show a clear descending channel price is reaching upper descending trendline.
Confluences for the trade
1- 61.8 Fib zone
2. highlighted price action zone
3- Descending Channel
Confluences for the trade
1- 61.8 Fib zone
2. highlighted price action zone
3- Descending Channel
Note
Playing out as expected
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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.