InvestMate|NZD/JPY Best opportunity of the coming monthโ๏ธ๐
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โ๏ธ๐NZD/JPY Best opportunity of the coming month.
โ๏ธ๐In this post I would like to share with you a veritable gem from my side, reviewing the market carefully and analysing it very closely.
โ๏ธ๐I come to you with the NZD/JPY pair which, in my opinion, will be one of the best performing pairs in the coming month.
โ๏ธ๐I hope so at least.
โ๏ธ๐I could be wrong but I can never doubt.
โ๏ธ๐The pair as far as I can see, in my opinion, will show us increases, this can be seen from each of the intervals I analyse and it is over 8 different timeframes.
โ๏ธ๐If I had to pick just one instrument it would definitely be NZD/JPY.
โ๏ธ๐Let's move on to the chart.
โ๏ธ๐We have broken out of the support zone set by the fibo level of 0.886 and this has even been a key place in the past, just look at the chart. And the fact that we are above it only reinforces my assumptions about the upside.
โ๏ธ๐The most important is the resistance zone, which is located at new highs and was determined by the outer fibo measurement of 1.272 of the last largest downward correction and the 1:1 level of the largest upward wave from the bottom of this correction.
โ๏ธ๐I do not exclude any scenario, as one can never be 100% sure. I leave the probability in the hands of the market.
โ๏ธ๐The scenario I am playing out is a breakout of a new peak and a continuation of the upside to levels determined by the resistance zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
โ๏ธ๐ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
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