NZDJPY H1 SHORT PRICE ACTION FORECAST
Price action is coming from testing a critical resistance level from a downward trendline at W1, as expecting the price to continue bearish until next support level, H1 is finally showing an LH after a strong rejection from 200MA suffered by the previous high.
Together with MACD in a clear bearishness, for a short entry as follow
The order:
Type: sell-stop.
S/L: 52 pips - R:R | 1:2
T/P: aiming towards a previous key zone (support and retest of the trendline.
Together with MACD in a clear bearishness, for a short entry as follow
The order:
Type: sell-stop.
S/L: 52 pips - R:R | 1:2
T/P: aiming towards a previous key zone (support and retest of the trendline.
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