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AlkalineFX
Jun 26, 2022 10:36 AM

NZDJPY: Zoom Out 🔍 Short

New Zealand Dollar/Japanese YenFXCM

Description

Everyone is focusing on the lower time frames without noticing the higher monthly supply holding right above current price.

Be careful selling before this zone! We are seeing lots of indecision suggesting price may well want to travel up into the supply before any signs of reversals.

Bear this in mind when trading this pair.

Please let me know what you think in the comments 💬
Comments
SpartaBTC
Pretty strong price resistance in the area you designated.
AlkalineFX
@SpartaBTC, Be careful, looks like an early sell invitation to me.
Vibranium_Capital
perfect
AlkalineFX
TheTradersAvenue
Perfect setup!
AlkalineFX
@TradingAxis, Amazing!
JoeChampion
I agree on NZD weakness, amazing work Alkaline!
AlkalineFX
@JoeChampion, Cheers mate!
ForexTrendline
It's looking really good!
AlkalineFX
@ForexTrendline, Seems likely!
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