4 weeks in a row NZDJPY couldn’t broke 81.568. It has been rejected three times (see the weekly chart).
On daily chart the candle went under the downtrend line with rejection of high price.
I’m on the bearish side for this order.
On daily chart the candle went under the downtrend line with rejection of high price.
I’m on the bearish side for this order.
Note
NZDJPY has moved in my favor and bounced back at key support @ 79.2 My prediction for next week: Price going to bounce in a range 79.2-81.5.
I am still on bearish side but The Risk/Reward is not attractive anymore.
So, I don’t suggest any trade on it at this time.
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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.