NZDJPY strong downwards weekly trend and has bounced off of weekly inner downtrend line.
Sell at downtrend line areas 70.33 and 71.60 down to next support area 66.91
Indicators:
1. Downwards weekly down trendline
2. New lows since July 20th.
3. Look for lower lows for indication of strong bear market.
Entry @ downtrend line areas (yellow).
TP at 50 pip increments to protect profits.
Good luck trading! Please like to help these free analysis reach more people that may benefit from it.
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple.
Sell at downtrend line areas 70.33 and 71.60 down to next support area 66.91
Indicators:
1. Downwards weekly down trendline
2. New lows since July 20th.
3. Look for lower lows for indication of strong bear market.
Entry @ downtrend line areas (yellow).
TP at 50 pip increments to protect profits.
Good luck trading! Please like to help these free analysis reach more people that may benefit from it.
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple.