NZDJPY: Potential Double Bottom Pattern
NZDJPY: Potential Double Bottom Pattern
NZDJPY has encountered a significant support zone near 85.60, indicating the possibility of a double bottom pattern.
The last two days' candlestick formations suggest a strong battle between buyers and sellers within this zone.
However, this movement implies that NZDJPY might be poised for further upward momentum.
Key Resistance Zones:
86.67
87.22
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDJPY has encountered a significant support zone near 85.60, indicating the possibility of a double bottom pattern.
The last two days' candlestick formations suggest a strong battle between buyers and sellers within this zone.
However, this movement implies that NZDJPY might be poised for further upward momentum.
Key Resistance Zones:
86.67
87.22
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Related publications
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
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.