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UnknownUnicorn15614419
Apr 5, 2021 8:20 AM

NZDJPY: can the price break through the resistance? Short

New Zealand Dollar/Japanese YenFXCM

Description

In October last year, the price bounced off the support zone at 98.68 and started to rise in an uptrend. This trend is also supported by the October line. Resistance is the line of November 2020. At the end of March, the price bounced off the resistance of 78.79. It fell to support 75.75 and has already started a new growth. Now the price is at the resistance 77.81 (the line formed in the middle of the trend) and we can expect a fall to the support at 76.44.
SL - 78.42.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Comments
Helical_Trades
Seems logical here
Totally agreed !
UnknownUnicorn15614419
@Helical_Trades, Thanks )
Henry_Ross
Great! 🔥
UnknownUnicorn15614419
@Henry_Ross, Thank you )
Lzr_Fx
Ascending PA i AGREE with you !
UnknownUnicorn15614419
@SharkFX_Academy, I'm glad!)
TRADiNG_hub
High Probability Set-up 🔥
UnknownUnicorn15614419
@TRADiNG_hub, Thank you!)
TheTradersAvenue
Great set-up. Thanks for your analysis mate .
UnknownUnicorn15614419
@TradingAxis, thanks)
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