Get started
New Zealand Dollar / Japanese Yen
Short

Shorting NZDJPY

By Juan_fx_1
Updated
NZDJPY

Price approaching previous resistance. There is bearish divergence forming on the lower timeframe (1 Hour). Clearly overbought levels. Clear price rejection would be a great additional confirmation on this.
Note
join my public telegram channel for latest analysis: t.me/juan_fx_1
Note
Price at previous's weeks resistance and price are showing weakness at this level. Good place to short this has great risk:reward ratio.
Trade active
bearishdivergenceDivergencedivergencetradingForexforexalertsforexsignalsTechnical IndicatorsoverboughtresistancerejectionTrend Analysis
Juan_fx_1

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.