NZD/JPY Trade Idea
Hello and welcome to my Trade Idea of the currency pair NZD/JPY.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bearish. The last monthy candle is very big and broke all the lows.
Weekly: We see on the weekly timeframe a very strong downtrend too.
Daily: The daily timeframe shows a upside pullback.
H1: We draw the bearish trendline on the h1 timeframe and expect that new lows will be made.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bearish. The last monthy candle is very big and broke all the lows.
Weekly: We see on the weekly timeframe a very strong downtrend too.
Daily: The daily timeframe shows a upside pullback.
H1: We draw the bearish trendline on the h1 timeframe and expect that new lows will be made.
Have a nice day.
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