NZD/JPY possible bounce from Resistance
Updated
Hi there Traders,
Let's take a look at NZD/JPY 4H chart. Price right now is headed to test the Resistance line of Descending Channel. It is too early to enter a trade right now, that's why we are going to be patient and what for clear signal that the price is rejected from Resistance. If we will see that price has bounced of the Resistance only then we will enter trade.
We will update this idea if it is going to confirm or not so make sure that you are following our channel.
Where do you think will the price go ?
Let us know in comment section and don't forget to follow us for more educational ideas that could bring you some pips :)
Let's take a look at NZD/JPY 4H chart. Price right now is headed to test the Resistance line of Descending Channel. It is too early to enter a trade right now, that's why we are going to be patient and what for clear signal that the price is rejected from Resistance. If we will see that price has bounced of the Resistance only then we will enter trade.
We will update this idea if it is going to confirm or not so make sure that you are following our channel.
Where do you think will the price go ?
Let us know in comment section and don't forget to follow us for more educational ideas that could bring you some pips :)
Trade closed: target reached
TP2 reached
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