empty
04.05.2021 09:55 AM
NZDJPY reacting below descending trendline resistance. Drop incoming!

This image is no longer relevant

NZDJPY reacting below descending trendline resistance. A short term intraday drop below our 1st resistance at 78.547 towards recent swing low and 1st support at 78.176 could be possible. Technical indicators are also showing room for further bearish momentum

Trading Recommendation

Entry: 78.547

Reason for Entry:

50% Fibonacci retracement, Descending trendline resistance

Take Profit: 78.176

Reason for Take Profit:

Graphical swing low support

Stop Loss: 78.691

Reason for Stop Loss:

Recent swing high

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback