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ForecastCity
May 1, 2020 12:59 PM

Don't miss the great sell opportunity in NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (65.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 64.28
TP2= @ 63.73
TP3= @ 63.10

SL: Break Above R2
Comments
Best_Forecast
thank you very much for your analysis!
ForecastCity
@Alexander_007, You're welcome. we hope you enjoy it.
Best_Forecast
Absolutely amazing you guys are doing a great job,
ForecastCity
Kristalyn
Nice idea.
ForecastCity
@Kristalyn, You're welcome. 🙏 Do you have any idea about this pair?
Forecast_Crypto
Much appreciative for flawless trade setups. Very educative!
ForecastCity
@Forecast_Crypto, You're welcome. 🙏 we are glad you enjoyed it
Forecast_Crypto
Thank you for posting this. Liked!
ForecastCity
@Forecast_Crypto, You're welcome. 🙏
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