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New Zealand Dollar / Japanese Yen

NZDJPY CHART

By offcloud
Updated
MARKET MADE A GAP ON THAT DOWNTREND MOVEMENT GOING DOWN WHICH HAS NOT YET CLOSED AS SO IF WE LOOK CLOSE TO WHERE THE MARKET IS RIGHT NOW ITS AT A STRONG RESISTANCE LEVEL HENCE I INDICATED TO SHOW A POSSIBLE MOVEMENT FOR THE DOUBLE BUTTOM GOING UP HENCE THAT GAP WILL BE CLOSED AS WE CHANGE DIRECTION TO AN UPPER TREND IN OTHER WORDS TO CLOSE THAT GAP WE GONNA HAVE TO MAKE A WAY UP HENCE AGREEING TO THE DOUBLE BUTTOM
Note
IF WE LOOK AT A SMALL TIME FRAME H1 WE WOULD SEE A SIDEWAYS TREND HENCE MEANING A CHANGE OF DIRECTION AS WE MOVED FROM THAT DOWNTREND TO THE SIDEWAYS THE ONLY DIRECTION NOW IS UP HENCE ALLOWING US TO BELIEVE ON THAT DOUBLE BUTTOM
Chart Patternsmarsafricanempire
offcloud

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