Analysis on #NZDJPY
Looking at the chart you can see the NZDJPY broke its trend line support level and made a successful retest just to fall back again which makes me believe there is more room to the downside unless the market were able to close above the 76.63 level
>> If the market really falls to my weekly structure support zone near 75.40 where the market turned bullish and found a lot of buyers, I will then drop a one-time frame to look for a buying trade with a good risk to reward if the entry rules are met.
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Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Looking at the chart you can see the NZDJPY broke its trend line support level and made a successful retest just to fall back again which makes me believe there is more room to the downside unless the market were able to close above the 76.63 level
>> If the market really falls to my weekly structure support zone near 75.40 where the market turned bullish and found a lot of buyers, I will then drop a one-time frame to look for a buying trade with a good risk to reward if the entry rules are met.
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
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