🔻 Bias: Bearish
Lower highs and tightening range indicate weakening bullish momentum.
A confirmed break below the 196.345 support could trigger a bearish move.
Downside targets:
TP1: 195.60
TP2: 195.23
🔍 Invalidation:
Bullish breakout above 197.59 would negate this setup and suggest trend continuation.
Strategy: Wait for a clean breakout and retest for confirmation. Use tight SL above the triangle if entering short.
Lower highs and tightening range indicate weakening bullish momentum.
A confirmed break below the 196.345 support could trigger a bearish move.
Downside targets:
TP1: 195.60
TP2: 195.23
🔍 Invalidation:
Bullish breakout above 197.59 would negate this setup and suggest trend continuation.
Strategy: Wait for a clean breakout and retest for confirmation. Use tight SL above the triangle if entering short.
Trade active
Note
NZDJPY ANALYSIS Trade closed: stop reached
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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.