NZDJPY great market structure analysis. We have been in a downtrend with lower highs and lower lows. This trend began to exhaust at the support/flip zone of 67.00 where we made a double bottom, an exhaustion pattern.
We stopped making lower highs and seem set to make our first higher low but it needs a higher high (break and close above the 69.80 zone to confirm this).
We can also see this break would create a cup and handle like formation. Our target is the 72.30 zone.
Conversely, there could be a 4 hour short set up.
This would require a break and close below 69.00 to trigger a short.
We stopped making lower highs and seem set to make our first higher low but it needs a higher high (break and close above the 69.80 zone to confirm this).
We can also see this break would create a cup and handle like formation. Our target is the 72.30 zone.
Conversely, there could be a 4 hour short set up.
This would require a break and close below 69.00 to trigger a short.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。