Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
NZDJPY BEARS TO TAKE OVER 📚
👉As we can see price is still overall bullish trading inside this rising channel, However, price is sitting around our upper bound of the channel acting as an over-sold zone, adding on around a strong resistance zone.
👉Meanwhile, on lower time frame, price is still overall bullish, and for the bears to take over, we need a break below the marked swing low, then a movement lower would be expected as a correction one.
👉And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
NZDJPY BEARS TO TAKE OVER 📚
👉As we can see price is still overall bullish trading inside this rising channel, However, price is sitting around our upper bound of the channel acting as an over-sold zone, adding on around a strong resistance zone.
👉Meanwhile, on lower time frame, price is still overall bullish, and for the bears to take over, we need a break below the marked swing low, then a movement lower would be expected as a correction one.
👉And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!