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NZDJPY Signal - 7 Sep 2021

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Signal Details
Entry Price: 
78.20
Take Profit: 
76.880
Stop Loss: 
78.720
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDJPY has broken the support trendline and now is at 50 hour moving average resistance. Price has also bounded out of a key resistance pivot, and we have a hanging man candlestick on the 1h chart for confirmation.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.