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SwiftPr0fitz
Jan 22, 2021 6:18 AM

NZDJPY long term analysis. Sell opportunities next week possibly Short

New Zealand Dollar/Japanese YenFXCM

Description

I have been nailing the top and bottom of this upward channel formation that has lasted months. It is approaching a resistance zone on the weekly chart that may force it to correct and break this channel downwards to the monthly trend line. Also highlighted are support and resistance zones, which have very smoothly been moving price action through the channel.

This is pure speculation, but I've been nailing this currency pair lately, and I will hope to get into some sell positions when price hits this resistance at the very top of the channel.

Note that these selling opportunities are about a week out, so I will be posting updated graphs in the coming days. I bought the bottom, and am currently enjoying the ride up the mountain :)

Please like, comment, and give me your thoughts!
Comments
Dave-FX-Hunter
Well done
SwiftPr0fitz
@DaweFXHunter, It's still playing out well. I'm holding a buy until the top, then maybe we will see a huge move, let's see.
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