NZDJPY bearish outlook!
Hey guys, on NZDJPY i am expecting bearish pressure to continue directing the market.
-Weekly descending trendline has been respected
-Lower high formed on Daily chart
-Now in bearish sequence on 4h chart
FOR THIS TRADE TO BE VALID WE MUST SEE A DAILY BREAK OF TRENDLINE, FOLLOWED BY A NEW LOW, AND THEN WAIT FOR PRICE TO CORRECT & REJECT A FIB LEVEL TO ADD CONFLUENCE TO THE TRADE. Currently this is just an overall analysis and forecast rather than a trade idea.
-Weekly descending trendline has been respected
-Lower high formed on Daily chart
-Now in bearish sequence on 4h chart
FOR THIS TRADE TO BE VALID WE MUST SEE A DAILY BREAK OF TRENDLINE, FOLLOWED BY A NEW LOW, AND THEN WAIT FOR PRICE TO CORRECT & REJECT A FIB LEVEL TO ADD CONFLUENCE TO THE TRADE. Currently this is just an overall analysis and forecast rather than a trade idea.
交易結束：目標達成
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