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New Zealand Dollar / Japanese Yen
Short
Updated

NZDJPY: Yearly Pivot Retest

177
Break of yearly pivot (large pink line) followed by a bearish flag. Bearish flag starting from significant support area working up to retest the pivot. A break to the downside is possible.
Note
snapshot Idea remains valid; 4hr is still trading under the EMA's and price has not broke through any key levels w/ respect to the previous structure. If anything this large move to the upside could be the proverbial "bull trap". Enter upon a break lower and retest :D
Jroge107
Chart PatternsTechnical IndicatorsjpyNZDNZDJPYnzdjpylongnzdjpyshortTrend Analysis

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Chart PatternsTechnical IndicatorsjpyNZDNZDJPYnzdjpylongnzdjpyshortTrend Analysis
Jroge107

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.