Ryan_lopes

NZDJPY CLOSE TO DESCENDING TRIANGLE BREAKOUT

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.

As we can see, NZDJPY is currently inside Descending Triangle and is close to a breakout. There are two possibilities as shown. So one should wait for the breakout.

Let us know your views on this in the comment section. Thank you all.

There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.

Ryan.R.Lopes

Comments

I broke down nzdjpy as well, this is my overall TA on it
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This looks good! What entries are you considering?
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Ryan_lopes nicholaschandler
@nicholaschandler, i am waiting fro breakout, but i guess it will give breakout on downside. will wait for the confirmation.

Whats your view on this???
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@Ryan_lopes, I am thinking that I will breakout on the downside for sure and this is a really good short opportunity once we have the confirmation.
Entry around 64.000??
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Ryan_lopes nicholaschandler
@nicholaschandler, below 63.100
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