NZDJPY, will it do breakout or retrace and then breakout?

FX:NZDJPY   New Zealand Dollar / Japanese Yen
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NZDJPY             , will it do breakout or retrace and then breakout?
monthly candle not complete , if current candle completes as is then most likely down ,also we have negative divergence
Hi Mike nice analysis,
i give allowance for spike without using average, so i believe even if NZ Central Bank does the same stunt like SNB, it will hurt but wont kill me,
+1 Reply
nmike jangseohee
Really? Haha, thanks
many Prof deem this boring
simplicity, channel or chart pattern is the backbone of my trading style, winning probability is 70% if i got the channel correctly
of course i got to look towards left to check where is the all time high
which is why for instance like this my blue indicated short region cater above for the spike
+1 Reply
do u expect price to even go higher than 97.8 the previous spike high?
+1 Reply
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