NZDJPY - Potential Bearish Reversal!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
As per my last analysis, we know that NZDJPY is around a resistance zone so we will be looking for sell setups.
on H1: Right Chart
NZDJPY formed a channel in red but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDJPY can still trade higher or even break the resistance zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
As per my last analysis, we know that NZDJPY is around a resistance zone so we will be looking for sell setups.
on H1: Right Chart
NZDJPY formed a channel in red but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDJPY can still trade higher or even break the resistance zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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