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NZDJPY best sell zone this week is retest of trendline breakout
NZDJPY continues to trade within its ascending channel structure, with both support and resistance defined by the channel boundaries. Price is currently near a potential double bottom formation, which could lead to a short-term consolidation or minor bounce.
Current Structure:
Pattern: Ascending channel intact
Formation: Double bottom potentially developing near channel support
Immediate Bias: Range-bound action likely in the near term
Outlook:
While a brief consolidation or relief bounce may occur from the double bottom formation, the broader technical structure suggests a eventual move toward the lower channel support. This aligns with the bearish projection indicated on the chart.
✍🏼Author's word: Like & comment(your thoughts) if you found it helpful.🩷
Current Structure:
Pattern: Ascending channel intact
Formation: Double bottom potentially developing near channel support
Immediate Bias: Range-bound action likely in the near term
Outlook:
While a brief consolidation or relief bounce may occur from the double bottom formation, the broader technical structure suggests a eventual move toward the lower channel support. This aligns with the bearish projection indicated on the chart.
✍🏼Author's word: Like & comment(your thoughts) if you found it helpful.🩷
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My telegram channel: t.me/mmbtchannel
VIP Channels:
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shorturl.at/sqBpx
My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.