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NZDJPY SELL

by Lautaro G, March 31, 2022

NZD/JPY H4 Technical Analysis

by Lautaro Giambartolomei March 31, 2022

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NZD/JPY

|

Short

|

H4

Timeframe:

H4

Analysis Method:

Technical Analysis

Analysis:

significant level + trendline + RSI diverging on monthly timeframe. Unlike AUDJPY, this pair presents a divergence on RSI on the monthly timeframe which gives me more confidence that it will reverse. Price action already bearish

Trade Plan:

Use your trading plan

Risk Management:

I´m risking 1 percent divided in two trades

Things To Watch For:

It is still a reversal trade but other NZD and AUD pairs are bearish so this one may continue to the downside as well

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DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

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