ForecastCity

💡Don't miss the great sell opportunity in NZDJPY

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (76.91).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 33.

Take Profits:
TP1= @ 76.17
TP2= @ 75.77
TP3= @ 75.26
TP4= @ 74.60
TP5= @ 73.94

SL: Break Above R2

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Comments

This looks like a sell for sure hitting 61.8% on the fib Zone with support and resistance.
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Super perfect analysis.
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ForecastCity Mesutkashmar
@Mesutkashmar, Thank you. We appreciate your support
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That's an interesting idea👍 Thanks for sharing
Reply
ForecastCity Megan_forex
@Megan_forex, It's our pleasure! Thank you for your comment.
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