A recent breakout beneath the trendline as well as the crossing of the 200EMA and the breakout beneath the 79.151 and 78.676 supply zone. These all point towards the potential bearish movements of the NZDJPY for the next couple of days or weeks. Despite all these, it would be dangerous to enter the trade without seeing the retest on all these major levels.
My...
The chart recently broke out of the Triangle pattern and began its descent to creating more lows. Even though there is a lot of indications of its continuation, a retest of the 0.70348 and 0.70043 zone is expected. With enough confluence, a trade can be taken short. Personally, my projected entry is at the 0.70186 price level with a 30 pip stop-loss of 0.70492 and...
