Analysis on #NZDJPY
Looking at the chart you can see the NZDJPY broke its trend line support level and made a successful retest just to fall back again which makes me believe there is more room to the downside unless the market were able to close above the 76.63 level
>> If the market really falls to my weekly structure support zone near 75.40 where the market turned bullish and found a lot of buyers, I will then drop a one-time frame to look for a buying trade with a good risk to reward if the entry rules are met.
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Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Looking at the chart you can see the NZDJPY broke its trend line support level and made a successful retest just to fall back again which makes me believe there is more room to the downside unless the market were able to close above the 76.63 level
>> If the market really falls to my weekly structure support zone near 75.40 where the market turned bullish and found a lot of buyers, I will then drop a one-time frame to look for a buying trade with a good risk to reward if the entry rules are met.
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
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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.
Related publications
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.