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...
checking from our last nzdjpy analysis i tagged below we see price falling as predicted after we previously took a buy
SELL NZD/JPY Entry 1 72.680 Entry 2 72.780 Sl 72843 Tp.1 72.420 Tp.2 72.250 Tp.3 72.040
NZD/JPY SELL limit ENTRY 1 69.863 ENTRY 2 69.924 sl 70.039 TP.1 69.620 TP.2 69.340 TP.3 69.024
Pattern: Channel Up on 1D. Signal: Bullish as the price is approaching the Higher Low. Target: 73.500.
Pattern: Ascending Triangle on 1D. Signal: Bullish after the price made a Higher Low. Target: 76.500 (1D Resistance Zone).