ForecastCity

💡 Don't miss the great sell opportunity in NZDJPY

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (74.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.

Take Profits:
TP1= @ 73.50
TP2= @ 72.80
TP3= @ 72.10
TP4= @ 71.30
TP5= @ 70.50

SL: Break Above R2

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Comments

nice chart.
+2 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, Thank you
+1 Reply
this is brilliant
+1 Reply
@Sir_Ray, Thanks for your kind comment 🌹
Reply
I always enjoy your ideas. 🔥
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, It's good to know you enjoy it.🌹
Reply
It's nice and very detailed idea. 😊 Thank you
+1 Reply
ForecastCity Kristalyn
@Kristalyn, You're welcome.🌹
Reply
Very nice. Thanks.
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks for your kind comment.🌹
Reply
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