NZDJPY: price reversal: correction or collapse?
The price movement develops in accordance with the following pattern: growth - correction - breakout - growth. This traffic pattern was repeated twice since November 2020 (before that, a similar three-stage movement was in the fall of last year). However, having corrected from the level of 75.40 and returned to it, the price did not stop. The algorithm was interrupted and instead of a breakout, the price began to fall. The price will interrupt the growth and drop to the level of 73.72.
Remember, there is no place for luck in trading - only strategy!
Thanks for your likes and comments.
Remember, there is no place for luck in trading - only strategy!
Thanks for your likes and comments.
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.
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.