MII1502

A potential sell opportunity if we see a break towards 85.063

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Hi! based on MIIPA STRATEGY's 1H and 4H timeframe, I see a retest at Key Resistance Turn Support and a confirmation from MIISC STRATEGY showing a smart cross on 4H with a clear Bearish Engulfing and also on 1H and 30M respectively.

On 30M currently, price needs to invalidate the price level at 85.119 and if this is achieved, probability is high for a sell to the next support at 83.996.

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.