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!
Comments
icypuma98
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...aaaaand it's gone
NTrading
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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
icypuma98
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is it valid now? :)
NTrading
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Thank for comment, if we get a pattern like this
and then breakout t the top then yes a big downmovement has start
NTrading
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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.