The price perfectly fulfilled my last idea. It hit the TP level. For the past two weeks, 
NZDJPY price has been in a bullish trend; however, it has hit the resistance zone and is currently moving sideways around this level. On the daily timeframe, a rejection candle has formed, but the price has yet to retest the February high where liquidity is resting above. I expect the price may aim to grab that liquidity before moving lower while forming a bearish divergence. If we see a rejection at the resistance around 87.500, there is a good possibility that the price will create a corrective leg. My goal is support zone around 85.800
NZDJPY price has been in a bullish trend; however, it has hit the resistance zone and is currently moving sideways around this level. On the daily timeframe, a rejection candle has formed, but the price has yet to retest the February high where liquidity is resting above. I expect the price may aim to grab that liquidity before moving lower while forming a bearish divergence. If we see a rejection at the resistance around 87.500, there is a good possibility that the price will create a corrective leg. My goal is support zone around 85.800Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Related publications
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.