iamarielle_868

NZDJPY, at new resistance zone.

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Yesterday I showed an NJ chart where price looked like it was respecting a lower resistance zone. However, today there was a massive buy and price made a bullish move to a higher resistance zone. The same applies. Monitor price at this current zone and see if we get a reversal pattern on a lower time frame. This is why it is always important to not blindly enter trades and always drop to a lower time frame for more detail and to see the patterns form before an entry.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.