MtxTrader

NZDJPY Year of the Short

Singkat
FX:NZDJPY   Dolar New Zealand / Yen Jepun
After considerable Yen weakness, xxxJPY pairs rose hundreds of pips. It seems like too unsustained of a move to me, so when such a strong short setup appears as shown above, It seems a very good opportunity.

Price reached a significant horizontal resistance zone

Price has made contact with the resistance trendline and shown a spinning top (inverted hammer?) candle, followed by a bearish confirmation to short.

This is as good as it gets, and even the indicator is in the upper band, indicating an exhaustion.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.