Nzdjpyshort
NZDUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDJPY Will Go Down !!NZD-JPY is trading in an uptrend
In an ascending channel but the pair
It retests the rising resistance AT 84.500
Which is coupled with the fact that
The pair is overbought and with
Bearish price movement on lower time frames
I think we'll see a price drop soon
With the aim of retesting the horizontal support below at 78.700
Nzdjpy Short zonesFor More Daily Detailed Analysis, click the follow button.
Here we have our FX NZDJPY chart.
We can see after the huge rally on NZD strength we are pushing into the realms of hugely high price.
Sellers like these prices. As do we..
So take them and scale in for a larger fall. Await entry confirmations on lower Tf's where necessary.
NZD/JPY Hit All Targets +225 Pips , Short Areas Shown This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZDJPY | Approaching to ResistanceNZDJPY is approaching to a resistance zone of 82.500 which is the high of 21st Oct 2021 last year. The price can have two possibilites there;
a) A breakout above will lead the price to ATH
b) A break below will first test the support of parallel channel, and if this is taken out then we can have 79.000
Trade your levels accordingly.