NZD/JPY Potential Bearish Move by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price tried to break the Resistance Zone multiple times, but it couldn't.
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🔸 We observe that the Ascending Trendline has been broken, and price has been moving sideways since then.
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🔸 It has broken the 4H Structure to the downside last night, so, we consider that there is bearish potential here.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸 Price tried to break the Resistance Zone multiple times, but it couldn't.
.
🔸 We observe that the Ascending Trendline has been broken, and price has been moving sideways since then.
.
🔸 It has broken the 4H Structure to the downside last night, so, we consider that there is bearish potential here.
.
🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
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