NZDJPY start FALL from strong RESISTANS

As we can see, since July, the price has been moving in the "Wedge", gradually shortening the fluctuations - changes in growth and decline become less and less as the support and resistance lines (both strong) approach each other.


Most likely, soon the price will finish forming the pattern and leave it. But so far we can see that it has come to the resistance line.

I use a smaller timeframe so that you can see that recently the price has twice tried to break through this line, but then it came back - successfully fixed itself - and began to fall.


This gives me reason to believe that the price will continue to fall. Therefore, I expect that soon she will come to the line of support.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻