FX:NZDJPY   New Zealand Dollar / Japanese Yen
Hello and welcome to my Trade Idea of the currency pair NZD/JPY.

Let's start with the Top Down Analysis.


Monthly: Monthly is in a very strong downtrend.


Weekly: In the weekly timeframe we see that the price breaks the lows and close under these. As well the last weeks had 2 big bearish candles which confirm that the trend is bearish .


Daily: The daily timeframe is bearish too.


H4: The pennant pattern is drawn in the h4 timeframe, and we wait for a breakout.


Have a nice day.
thanks dude
+1 Reply
Bullandbeartrading testfor2424lovexss
@testfor2424lovexss, No problem mate !
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Me gusto mucho este analisis!
+1 Reply
@AC935FX, Thank you very much !
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@Chief_Jr, Nice view.
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am loving it. I think i also got somthing like this. But my daily i was bullish though.
+1 Reply
@Chief_Jr, thanks you mate. Daily is for you bullish ??
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Good Most Probably it will hit you target sir and this setup also pointing towards it
+2 Reply
@kuljeetarun, We will see. And how do you come to the placement of the right fibs ?
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