top of page

NZDJPY Shorts off of the Trend


 

Reading price action, we can see NZDJPY is testing strong areas of supply. Price is testing the trend line for the third time in confluence with strong areas of interest and wick rejection. If price maintains below this area, we can anticipate shorts down to our target.

 

Omer Kambal

ChartAddicts

8/8/2021


*Forex is a leveraged product and may not be suitable for you as it carries a high degree of risk to your capital, and you can lose more than your initial investment. You should ensure you understand all the risks. By undertaking these types of high-risk trades, you acknowledge that you are trading with your available risk capital and any losses you may incur will not adversely affect your lifestyle. The high degree of leverage can work against you as well as for you."

81 views0 comments

Recent Posts

See All

Comments


bottom of page