Hello and welcome to my Trade Idea of the currency pair NZD/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish with big filled candles.
Weekly: On the weekly timeframe we see bearish momentum.
Daily: On daily we see the strong trendline, and a little pullback so we expect to see the price fall to the lows
H4: On the H4 timeframe, the price made a bearish engulfing formation based on the trendline.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish with big filled candles.
Weekly: On the weekly timeframe we see bearish momentum.
Daily: On daily we see the strong trendline, and a little pullback so we expect to see the price fall to the lows
H4: On the H4 timeframe, the price made a bearish engulfing formation based on the trendline.
Have a nice day.
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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.