NZDJPY - Breakout From The Channel
Updated
Hey followers and other TradingView users!
NZDJPY have made a breakout from the short-term upwards channel.
We have a confirmation on the 1H timeframe where it got a close below both EMA's 100&200.
We have also a confirmation close below the channel on 4H timeframe, plus there it ended up with bearish Engulfing candlestick pattern!
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Thank You for your support, I really appreciate it!
CHEERS!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
NZDJPY have made a breakout from the short-term upwards channel.
We have a confirmation on the 1H timeframe where it got a close below both EMA's 100&200.
We have also a confirmation close below the channel on 4H timeframe, plus there it ended up with bearish Engulfing candlestick pattern!
If You enjoyed my idea then kill, smash and destroy the "LIKE" button!
Thank You for your support, I really appreciate it!
CHEERS!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Note
Bearish Engulfing on 4H and it got rejected from EMA100. Let's see how it plays out!Wait for the trendline retest!
Note
The price has already reached into the target 1 area:
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