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ForecastCity_ME
Sep 15, 2022 11:18 AM

💡Don't miss the great sell opportunity in NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description


Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (86.390).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 37

Take Profits:
TP1= @ 85.590
TP2= @ 84.780
TP3= @ 84.230
TP4= @ 83.580
TP5= @ 82.770

SL: Break Above R2

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Comments
AR_kooshani
Professional work. Keep it up
ForecastCity_ME
@AR_kooshani, Thank you. We appreciate your support.
davidgolandak
Great analysis, thanks for sharing.
ForecastCity_ME
@davidgolandak, You're welcome! Thank you as well for your comment.
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