I'm bullish on NZDJPY
NZDJPY prices got into a bullish flag pattern for last few days . I'm showing you 4h chart for more precise analysis , but if you open the daily chart and pay attention to RSI , you can see that it has been lower than 50 for a few days but it broke 50 resistance on RSI and made a new high in last couple of days
Back to 4h chart and price :
price was unable to make a new lower low and instead made a higher low on 76.00 as I marked it with white zone
that is a good sign for a trend reversal
in last swing price mad up its way toward the upper flag trend line , I'm waiting for some closes above that resistance to buy
Back to 4h chart and price :
price was unable to make a new lower low and instead made a higher low on 76.00 as I marked it with white zone
that is a good sign for a trend reversal
in last swing price mad up its way toward the upper flag trend line , I'm waiting for some closes above that resistance to buy
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.
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.