NZDJPY on 4 Hour
Price has been making a nice correction after the last big movement to the downside previously. Price is in a rising wedge bearish reversal pattern, at the key area of resistance / support structure looking left, where big moves has previously happened at this exact zone.
Price formed a Doji indecision candlestick at the key zone, along with a 3rd touch to the top of the wedge, showing signs that buyers are losing momentum, & sellers may be preparing to step back into the market, breaking price through the rising wedge pattern to continue the downtrend & into the impulsive stage of the trend coming up. Great technical setup here to add to the watchlist this week!
Price formed a Doji indecision candlestick at the key zone, along with a 3rd touch to the top of the wedge, showing signs that buyers are losing momentum, & sellers may be preparing to step back into the market, breaking price through the rising wedge pattern to continue the downtrend & into the impulsive stage of the trend coming up. Great technical setup here to add to the watchlist this week!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.