Hello and welcome to my Trade Idea of the currency pair NZD/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish with big filled candles.
Weekly: On the weekly timeframe we see bearish momentum.
Daily: On daily we see the strong trendline, and a little pullback so we expect to see the price fall to the lows
H4: On the H4 timeframe, the price made a bearish engulfing formation based on the trendline.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish with big filled candles.
Weekly: On the weekly timeframe we see bearish momentum.
Daily: On daily we see the strong trendline, and a little pullback so we expect to see the price fall to the lows
H4: On the H4 timeframe, the price made a bearish engulfing formation based on the trendline.
Have a nice day.