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Jal121

NZD/JPY - Simple Market Structure on the 4HR

Short
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
Jal121  
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Support and Resistance Trend Lines Chart Patterns fxaxe Forex NZDJPY structure level reversal range short
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supportandresistance trendline chartpattern fxaxe forex nzdjpy structure level reversal range short
Bring up a chart! Identify the trend, using trendlines as above to highlight a channel can be useful with this.

Then, identify levels in which price has gravitated towards and bounced from on a consistent basis. You can see three of these key levels in the chart above!

This is simple market structure and can really help you with chart analysis.

Are we expecting a reversal on this pair?
If so, lets wait for some hawkish fundamentals from the BOJ!

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