NZD/JPY - Medium-Term-Trade - Market Update:

Could we have a possible down-side for this pair? We are in a odd spot right now for this pair. For the past couple of days we have been descending aggressively after a whole week of bullish movement. But we could have a possible entry upon us.

If at the close of the 8H candle we see price closing -BELOW- our trend-line. We would have a nice -SELL- confirmation. Remember we have to wait for CONFIRMATION. If at the close of the 8H chart we still don't see price closing -BELOW- we can hop to the 4H chart and await that candle closing further on and have a -early- entry.

As always we are prepared for BOTH movements. We could also see a trend-line rejection upon us as well. If price has a NICE bullish candle closing probably at the NEXT 8H candle we could see some nice movements to the upside and re-testing our Weekly Resistance Area.

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