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The_Pip_Trader
Dec 12, 2023 8:27 AM

nzdjpy short analysis Short

NZD/JPYOANDA

Description

OANDA:NZDJPY
Break below 89.640 weekly support and price made a retest at what is now 89.640 weekly resistance. a bearish engulfing candlestick on the 4h and 1h is confirmation to go short. Also the 61.8% Fibonacci retracement level at 89.640 weekly resistance is a strong confluence
Comments
Princenosa
I agree, similar bias for this as well
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