NZD.JPY - Potential 6:1 Reward To Risk

Short

New Zealand Dollar / Japanese Yen (FX:NZDJPY)

Updated

FX:NZDJPY New Zealand Dollar / Japanese Yen

trendanalysis chartpattern indicator ukforexsignals nzdjpy

Currency Pair: NZD.JPY
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

Live NZD.JPY updates will be available in the comments section below

Comment:

Price formed an additional high test / doji candle ( Daily TF ) providing us with additional information.
4hr TF has now formed a double top and bearish RSI divergence.
Potential short opportunity into next week.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.