NZDJPY: Price Action & Trading Plan

24 Haz 2020

NZDJPY is contracting on 68.2 4H structure support.

with a sequence of lower highs, selling volumes are accumulating for a breakout attempt.

wait for a 4H violation of the underlined support and then sell the market to catch a bearish continuation.

remember that the market can respect the support and bounce from that setting a new lower high.
for now, we can not assess how much time it will take for the market to break the structure.

once breakout happens, the next goal will be: 67.1