NZD/JPY MOMENTUM CHANGE
as we can see here on the NZD/JPY chart that the market has been previously trending within a downward funnel and has been trending with strength and testing and being rejected at the trendlines to go approach the other one. at this moment in time, the market has broken down past a support trend line and has a couple of strong daily candles moving to the downside, and has also gone past a support line. in this certain situation, because the market has broken past strong levels and is showing strong signs of the market now changing momentum, we will be looking at shorter timeframes for good entry point and more precise structure to start trading this market in a downwards direction to specific lower areas.
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