Bearish Harmonic scenario still hold but bullish potential exist
$NZDJPY broke out of it daily downtrend line over the last trading week.
This pair created a strong daily support zone between 80-81 (see details in the chart).
However, since there are two harmonic patterns that are still valid, there bears may not have said their final words..
The bullish and the bearish scenarios are shown in the chart:
Tomer, The MarketZone
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This pair created a strong daily support zone between 80-81 (see details in the chart).
However, since there are two harmonic patterns that are still valid, there bears may not have said their final words..
The bullish and the bearish scenarios are shown in the chart:
Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters - goo.gl/R3gPVE
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
Comment:
Nice bounce from the Buy Zone last week. We will have to monitor again this week
Comment:
Consolidation below resistance. Next move will be a strong one
Comment:
Reached bearish Target Zone