NTrading

NZDJPY is on a very crucial point.

FX:NZDJPY   New Zealand Dollar / Japanese Yen
47 6 7
NZDJPY             is on Monthly -Weekly Trendline . Let's see if it is going to break or hold. It is on a very critical point if we judge it from the last time it touched the resistance

Thank you!
...aaaaand it's gone
+1 Reply
NTrading franciskim
Personally i will wait for a daily close near the low before the breakout is valid. Because a close below the trendline but which a big wick will not be enough
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is it valid now? :)
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NTrading franciskim
Thank for comment, if we get a pattern like this

snapshot


and then breakout t the top then yes a big downmovement has start
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NTrading NTrading
Sorry i mean a breakout to the bottom*, then a big down movement will start. If we get breakout to the top, i will wait.

Thank you
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Very interesting. Nice spot. Watching.
+1 Reply
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