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ThinkingAntsOk
Feb 19, 2020 12:17 PM

NZD/JPY Two Possible Scenarios by ThinkingAntsOk 

New Zealand Dollar/Japanese YenFXCM

Description

4H CHART EXPLANATION:


- Price is on a downtrend after bouncing at the Resistance Zone.
- It has now found Support at 70.00.
- We have two possible scenarios here.
- The long view, will be activated in case the Descending Trendline is broken to the upside.
- The short view, will be activated in case the Descending Trendline can not be broken.
- Will wait for price action confirmations before taking any position.

DAILY CHART ANALYSIS:

Comments
transparent-fx
this is what I will be looking at on nzdjpy
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