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NZDJPY: can the price break through the resistance?In October last year, the price bounced off the support zone at 98.68 and started to rise in an uptrend. This trend is also supported by the October line. Resistance is the line of November 2020. At the end of March, the price bounced off the resistance of 78.79. It fell to support 75.75 and has already started a new growth. Now the price is at the resistance 77.81 (the line formed in the middle of the trend) and we can expect a fall to the support at 76.44. SL - 78.42. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
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by UnknownUnicorn15614419
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NZDJPY: price reversal: correction or collapse?The price movement develops in accordance with the following pattern: growth - correction - breakout - growth. This traffic pattern was repeated twice since November 2020 (before that, a similar three-stage movement was in the fall of last year). However, having corrected from the level of 75.40 and returned to it, the price did not stop. The algorithm was interrupted and instead of a breakout, the price began to fall. The price will interrupt the growth and drop to the level of 73.72. Remember, there is no place for luck in trading - only strategy! Thanks for your likes and comments.
Short
by UnknownUnicorn15614419