Trend: Long term bearish
Structure: Support and resistance / trend line
Plan: NZDJPY has been in a bearish trend for a while, it has now formed a period of range and resistance. Price has hit an upper trend line suggesting a short trade.
Please wait for MACD to confirm before entry as there is another level of resistance slightly higher that price could test.
Structure: Support and resistance / trend line
Plan: NZDJPY has been in a bearish trend for a while, it has now formed a period of range and resistance. Price has hit an upper trend line suggesting a short trade.
Please wait for MACD to confirm before entry as there is another level of resistance slightly higher that price could test.