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Bullandbeartrading

NZD/JPY Trade Idea

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
Bullandbeartrading  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators NZDJPY short Parallel Channel swingtrade Forex
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trendanalysis chartpattern indicator nzdjpy short parallelchannel swingtrade forex
Hello and welcome to my Trade Idea of the currency pair NZD/JPY.

Lets start with the Top Down Analysis.


Monthly: On monthly we see the trend is bearish. Especially the last monthly candle is very bearish.

Weekly: The weekly timeframe is bearish too.

Daily: On the daily timeframe we see a little pullback to the upside.

H1: On h1 we see a Up Channel with strong support and resistance areas.


Have a nice day.
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