NZDJPY CLEAR BEARISH ?
As we can see
nzdjpy moving forward as a bullish structure
and we know that when bullish trend , the trend also have nature structur
which is impulse , correction , continuation , reversal
as we can see
nzdjpy haven't higher low
so here we see the clear rising wedge pattern and bearish divergence maybe can push nzdjpy to bearish (making higherlow)
however we still need some confirmation like bearish flag at lower timeframe or shooting star on 4H timeframe to execute this pair
nzdjpy moving forward as a bullish structure
and we know that when bullish trend , the trend also have nature structur
which is impulse , correction , continuation , reversal
as we can see
nzdjpy haven't higher low
so here we see the clear rising wedge pattern and bearish divergence maybe can push nzdjpy to bearish (making higherlow)
however we still need some confirmation like bearish flag at lower timeframe or shooting star on 4H timeframe to execute this pair
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.