Below you'll find an analysis on the NZDJPY, Daily timeframe.
Price is approaching the downward trendline and the 77.688 level (23.6 fib level and swinglow of 31st of October).
If this level proves resistance, I expect price to fall to 76.105 (0 fib level). 75.930 provides a strong support so a potential trade on this setup could be to open 2 small short...
I put a trade on last week for one mini lot in USD denomination. Price action is doing well on the 4 hour chart. Testing my patience, but that's where the money is made. The original position was entered when price made a higher high and tested the previous high with a higher low after the reversal price action confirmation (I missed the first entry of the first...
