NZDJPY good position to start sell
In February-June of this year, there was a collapse in prices. She fell beyond the level of 68.9.
However, by mid-summer it returned to the zone above the level.
In early December, the price broke through the resistance line 72.8.
She rose above the line and came to the elder 73.8.
The first line of resistance has existed since February 2020.
The second is from July 2019.
Over the past three weeks, the price has moved evenly between them.
However, at the beginning of this working week, the price dropped for the first time in a month beyond the resistance line 73.1.
Breakout + strong resistance in 2019 indicates a strong fall in the future.
At this point, you can open a sale.
SL - 74.2.
TP - 69.4.
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However, by mid-summer it returned to the zone above the level.
In early December, the price broke through the resistance line 72.8.
She rose above the line and came to the elder 73.8.
The first line of resistance has existed since February 2020.
The second is from July 2019.
Over the past three weeks, the price has moved evenly between them.
However, at the beginning of this working week, the price dropped for the first time in a month beyond the resistance line 73.1.
Breakout + strong resistance in 2019 indicates a strong fall in the future.
At this point, you can open a sale.
SL - 74.2.
TP - 69.4.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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