i short nzdjpy because i see he try to pass the resistance at 81.30 for many time and fail he is much overbough Nzd outperfome all major currencies because of oil,copper and other commodities up i think he need to take a breath and that commodities will take a breath too Also all stock are so high and if they start to correct because of much are very overbought...
Price is currently sitting within a strong Resistance zone and has already retested 4H Resistance twice after breaking away from previous Bearish trend. I expect price to resume it's Bullish move once it breaks out of the Resistance zones (+4H). A Higher high and higher low is expected to confirm the trend. Entry Point @ 79.253
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Daily Candle Closes Bearish, SOLD @79.100. NEW resistance, Previous Support @ fair price levels
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Tomorrow night sees the RBNZ Rate and Policy Statements, which could potentially reverse NZDJPY's fortunes... or not. Counter-trend trade setup just in case
Hello Traders, Price is rising correctively, watch for another down move into the bottom trendline. Sell as much higher as you can. Good luck! Cheers, Jonas