NZDJPY FALL from RESISTANCE zone
The situation is somewhat similar to the situation of the AUDCAD pair
After the impulse of growth from point 63.5, the price rose rapidly, reached the support line, which at that time was resistance, and got into a small upward channel.
However, it recently broke through the upper line of this channel - the resistance line and rose to the resistance level - 72.8
The peculiarity is that the level is also crossed by a very strong resistance line, which was formed back in 2017.
Together, this gives the price very strong resistance. Now valuable is in the resistance zone and is trying to break through the level, but it is unlikely to succeed.
Moreover, if we take into account that quite recently it has already made a breakdown of the channel line.
I expect it to continue falling and fall to the 69.2 support line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
After the impulse of growth from point 63.5, the price rose rapidly, reached the support line, which at that time was resistance, and got into a small upward channel.
However, it recently broke through the upper line of this channel - the resistance line and rose to the resistance level - 72.8
The peculiarity is that the level is also crossed by a very strong resistance line, which was formed back in 2017.
Together, this gives the price very strong resistance. Now valuable is in the resistance zone and is trying to break through the level, but it is unlikely to succeed.
Moreover, if we take into account that quite recently it has already made a breakdown of the channel line.
I expect it to continue falling and fall to the 69.2 support line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.