his is NZD/JPY on the 4H timeframe, and here’s what stands out:
Market Structure:
- The pair is currently respecting an ascending channel.
- Multiple Breaks of Structure (BOS) confirm bullish intent.
- Price is now testing the lower trendline of the channel — a key demand zone.
What you can do:
- Watch for bullish rejection or a candlestick confirmation (like bullish engulfing or pin bar) at the trendline.
- If confirmed, you can enter long (buy) targeting the upper channel.
- Place your stop loss just below the trendline.
Market Structure:
- The pair is currently respecting an ascending channel.
- Multiple Breaks of Structure (BOS) confirm bullish intent.
- Price is now testing the lower trendline of the channel — a key demand zone.
What you can do:
- Watch for bullish rejection or a candlestick confirmation (like bullish engulfing or pin bar) at the trendline.
- If confirmed, you can enter long (buy) targeting the upper channel.
- Place your stop loss just below the trendline.
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.