NZD - Strong Bearish
1️⃣ The risk-off tone has hit high-beta currencies like the NZD.
2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis.
JPY - Weak Bullish
1️⃣ A gloomy market environment could benefit the JPY.
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Technical
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We are selling the NZDJPY after it failed to break the resistance.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ The risk-off tone has hit high-beta currencies like the NZD.
2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis.
JPY - Weak Bullish
1️⃣ A gloomy market environment could benefit the JPY.
=====
Technical
=====
We are selling the NZDJPY after it failed to break the resistance.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
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✅ TRADE HAS HIT TP
+70 PIPS
+70 PIPS