TradingView
VasilyTrader
Jun 24, 2020 3:34 PM

NZDJPY: Price Action & Trading Plan Short

New Zealand Dollar/Japanese YenFXCM

Description



NZDJPY is contracting on 68.2 4H structure support.

with a sequence of lower highs, selling volumes are accumulating for a breakout attempt.

wait for a 4H violation of the underlined support and then sell the market to catch a bearish continuation.

remember that the market can respect the support and bounce from that setting a new lower high.
for now, we can not assess how much time it will take for the market to break the structure.

once breakout happens, the next goal will be: 67.1
Comments
ProjectSyndicate
this is great. nice overview and setup.
VasilyTrader
@ProjectSyndicate, thank you my friend!
Profound_Ambition
it will break soon!
VasilyTrader
@eazywayout, thank you for comment my friend!
Profound_Ambition
@VasilyPonomarev, :D
VasilyTrader
will it break? what do you think?
MGRAELBA
@VasilyPonomarev, I think it is going to break
VasilyTrader
@MGRAELBA, good!
More