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nzdjpy has minor support zones on the lower timeframe (4hr), i am hoping price will continue the pattern and go long.
theres minor resistance zones in the 4hr timeframe so im hoping price will slow down and go short
falling wedge pattern has confirmed uptrend but overall it looks like it will go bearish in long term goals
rising wedge has occured so price is going to look short after the market opens.
rising wedge pattern is formed as continuation so it should go short after it breaks through pattern.
Descending channel plus lower low to lower high are being made so this indicates bearish move and also bearish triangle pattern is also formed as well.
That is 3 indications that this CFD will go bearish.
long term bullish, it should retrace back to 0.7 so that's a better price to place a trade.
fallign wedge has been showed and now I am waiting for price to hit that level so I can execute my trade at a lower price.
short term goal, it has hit resistance
short term goal, it is following a downward channel and wait for retracement to confirm trend pattern.
eur jpy has formed a continuation wedge
falling wedge pattern has occurred + previous support from that level has been shown as well.