I have a long term bearish swing trade bias on NZDJPY and the 4hr timeframe is now looking good for a further entry.
Nice retracement to the 0.618 and price support/resistance zone. Simple trend with lower highs and lower lows being made on this timeframe. Price has pulled back in to the 4hr 200EMA zone.
Price targets are on the chart.
Nice retracement to the 0.618 and price support/resistance zone. Simple trend with lower highs and lower lows being made on this timeframe. Price has pulled back in to the 4hr 200EMA zone.
Price targets are on the chart.
Trade active
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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.