NZD/JPY Trade Idea
Hello and welcome to my Trade Idea of the currency pair NZD/JPY.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bearish. The last monthy candle is very big and broke all the lows.
Weekly: We see on the weekly timeframe a very strong downtrend too.
Daily: The daily timeframe shows a upside pullback.
H1: We draw the bearish trendline on the h1 timeframe and expect that new lows will be made.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bearish. The last monthy candle is very big and broke all the lows.
Weekly: We see on the weekly timeframe a very strong downtrend too.
Daily: The daily timeframe shows a upside pullback.
H1: We draw the bearish trendline on the h1 timeframe and expect that new lows will be made.
Have a nice day.
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.