NZDJPY is slowing down in Bullish momentum after breaking past previous resistance. At this point there's potential that the market will pullback.
We won't get our confirmation for weekly sells until the upcoming next week's candle closes below the this week's candle. Once that happens, we can look for shorts once we see a break of structure on H4 and aim to take profit at the 72.000 Zone, which was a previous Resistance zone.
A close above this week's weekly candle will invalidate sells and signal there is still bullish momentum in this market.
We won't get our confirmation for weekly sells until the upcoming next week's candle closes below the this week's candle. Once that happens, we can look for shorts once we see a break of structure on H4 and aim to take profit at the 72.000 Zone, which was a previous Resistance zone.
A close above this week's weekly candle will invalidate sells and signal there is still bullish momentum in this market.
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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.