βοΈπNZD/JPY Best opportunity of the coming month.
βοΈπIn this post I would like to share with you a veritable gem from my side, reviewing the market carefully and analysing it very closely.
βοΈπI come to you with the NZD/JPY pair which, in my opinion, will be one of the best performing pairs in the coming month.
βοΈπI hope so at least.
βοΈπI could be wrong but I can never doubt.
βοΈπThe pair as far as I can see, in my opinion, will show us increases, this can be seen from each of the intervals I analyse and it is over 8 different timeframes.
βοΈπIf I had to pick just one instrument it would definitely be NZD/JPY.
βοΈπLet's move on to the chart.
βοΈπWe have broken out of the support zone set by the fibo level of 0.886 and this has even been a key place in the past, just look at the chart. And the fact that we are above it only reinforces my assumptions about the upside.
βοΈπThe most important is the resistance zone, which is located at new highs and was determined by the outer fibo measurement of 1.272 of the last largest downward correction and the 1:1 level of the largest upward wave from the bottom of this correction.
βοΈπI do not exclude any scenario, as one can never be 100% sure. I leave the probability in the hands of the market.
βοΈπThe scenario I am playing out is a breakout of a new peak and a continuation of the upside to levels determined by the resistance zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
βοΈπ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
πIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.π