NZD/JPY Bearish Scenario by ThinkingAntsOk
4H CHART EXPLANATION:
🔸 Price is on a downtrend after being rejected at the Resistance Zone.
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🔸 For the last weeks, it has been on a consolidative move, which we were waiting to be broken.
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🔸 The breakout was to the downside, so, we consider it has potential to reach the Support Zone.
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🔸 We are waiting for a lower timeframe corrective move to consider short positions.
DAILY CHART ANALYSIS:
🔸 Price is on a downtrend after being rejected at the Resistance Zone.
.
🔸 For the last weeks, it has been on a consolidative move, which we were waiting to be broken.
.
🔸 The breakout was to the downside, so, we consider it has potential to reach the Support Zone.
.
🔸 We are waiting for a lower timeframe corrective move to consider short positions.
DAILY CHART ANALYSIS:
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