With Price ranging in a channel around the resistance region.
A breakout is imminent,What will become of NZDJPY? will it breakout upward or downward.?
Well i strongly feel that since price is consolidating around the resistance region..We may see some breakout in price in the upward direction.
However,On a personal note This is a clear no trade zone for me until...
Considering the Eurusd is on a downtrend for some time..
its currently on a resistance zone with a price rejection on a weekly and daily timeframe
I expect to see some more change in market structure(LL,LH) for a short entry
Having broken out of the trendline and a possible retest of the broken support turned resistance will occur based on the 1hr Tf bullish divergence.
I expect to see price rejection around the new found S-R and a massive fall
AUDJPY has been in a channel like a pattern creating a rising wedge
On a short term move, seeing some bullish correction to the resistance of the channel(rising wedge) will be triggered.
Midterm a possible rejection may occur at that resistance of the rising wedge giving room for the potential fall envisage.
However, A breakdown of 68.684 and bearish imprint will...