NZDJPY on 4 Hour
Price has been making a nice correction after the last big movement to the downside previously. Price is in a rising wedge bearish reversal pattern, at the key area of resistance / support structure looking left, where big moves has previously happened at this exact zone.
Price formed a Doji indecision candlestick at the key zone, along with a 3rd touch to the top of the wedge, showing signs that buyers are losing momentum, & sellers may be preparing to step back into the market, breaking price through the rising wedge pattern to continue the downtrend & into the impulsive stage of the trend coming up. Great technical setup here to add to the watchlist this week!
Price formed a Doji indecision candlestick at the key zone, along with a 3rd touch to the top of the wedge, showing signs that buyers are losing momentum, & sellers may be preparing to step back into the market, breaking price through the rising wedge pattern to continue the downtrend & into the impulsive stage of the trend coming up. Great technical setup here to add to the watchlist this week!
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.
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.