NZDJPY MULTIPLE TIME FRAME ANALYSIS!
Monthly:
Price is below the descending trendline and it could go to retest a previous structure on the monthly.
Weekly:
Price is forming a H&S pattern and it is rejecting the 61.8% of the weekly fib.
Daily:
Price also is forming a H&S pattern with an Institutional candle in the last push.
I am expecting that price rejectes the White box and make a new low on the daily.
4H:
Price is approaching the 4h supply zone so we have to wait some deceleration at the area of interest
before going short.
Price is below the descending trendline and it could go to retest a previous structure on the monthly.
Weekly:
Price is forming a H&S pattern and it is rejecting the 61.8% of the weekly fib.
Daily:
Price also is forming a H&S pattern with an Institutional candle in the last push.
I am expecting that price rejectes the White box and make a new low on the daily.
4H:
Price is approaching the 4h supply zone so we have to wait some deceleration at the area of interest
before going short.
Trade active:
NZDJPY
Monthly:
Weekly:
Daily:
4H:
Monthly: