NZDJPY > Broken Trendline, Good for Selling!!
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Analysis of #NZDJPY
Hello friends.
The basic idea here is to short some NZD, you can do it here or against the dollar, but I prefer the yen for many fundamental reasons the first one is that I expect the money to flow back to JPY at least some of it, which will lead to strong YEN.
Here on this chart, we have failed to make a new high and a deep retracement and break of trendline support which leads me to predict the continuation to the downside.
i will drop a one-time frame investigating for a valid entry to short this market looking for good risk to reward entry targeting the next support level
Safe trading everyone
Check today analysis below⠀
>>The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis of #NZDJPY
Hello friends.
The basic idea here is to short some NZD, you can do it here or against the dollar, but I prefer the yen for many fundamental reasons the first one is that I expect the money to flow back to JPY at least some of it, which will lead to strong YEN.
Here on this chart, we have failed to make a new high and a deep retracement and break of trendline support which leads me to predict the continuation to the downside.
i will drop a one-time frame investigating for a valid entry to short this market looking for good risk to reward entry targeting the next support level
Safe trading everyone
Check today analysis below⠀
>>The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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