Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDJPY has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 87.5 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As NZDJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDJPY has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 87.5 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As NZDJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal