My last ideas about NZDJPY predicted that we need a fall here. When you look on the H4 chart in my last idea (which is linked) you will see, that we had several pushes down to a new "fake" line.
This new "fake" line often gets installed my Market Makers to let us think that it is a strong support, so we don't know what the outcome will be - we have to wait.
Anyway, i change my view from a sell to a buy now. Yes, the other idea is still valid as we could fall in the short term but in the long I see it bullish.
This new "fake" line often gets installed my Market Makers to let us think that it is a strong support, so we don't know what the outcome will be - we have to wait.
Anyway, i change my view from a sell to a buy now. Yes, the other idea is still valid as we could fall in the short term but in the long I see it bullish.
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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.