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ThinkingAntsOk
Oct 15, 2020 12:03 PM

NZD/JPY Bearish Breakout Short

New Zealand Dollar/Japanese YenFXCM

Description

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🔸4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the Ascending Trendline.
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🔸We can observe that this pair has been moving on a range for the last months, but now we can see a clear structure broken to the downside.
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🔸 The first bearish target of this move is the Support Zone at 68.300.

🔸 DAILY CHART EXPLANATION:

Comments
ProjectSyndicate
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exactly. nice selling so far after the breakdown of the key S/R level. I've shorted earlier this week.
so far so good. expecting 100+ pips of downside later on.
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