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HANSFXTRADER
Oct 19, 2020 11:22 AM

NZDJPY MULTIPLE TIME FRAME ANALYSIS! Short

NZD/JPYOANDA

Description

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.

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NZDJPY
Monthly:

Weekly:

Daily:

4H:
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