15 NZDJPY
15 min NZDJPY
Price has been creating new HLs and HHs breaking the daily and 4HR/1HR zones since last week.
Price has created new LH with a wick touching 0.75 fib level. With the small candle below the neckline, it is still bearish. The bearish bias is possibly a pullback before it returns bullish again.
The recent HH is higher than the previous HH from yesterday which gives possibility of bullish with the previous uptrend moves.
Price can go up to retest the neckline in the current zone before returning bearish at 0.75 fib level and moves up again. I put a pending order for buy at 0.61 fib level as it is higher than the neckline inside the purple arc. The area is also the 3rd HLs before reaching HH
Price has been creating new HLs and HHs breaking the daily and 4HR/1HR zones since last week.
Price has created new LH with a wick touching 0.75 fib level. With the small candle below the neckline, it is still bearish. The bearish bias is possibly a pullback before it returns bullish again.
The recent HH is higher than the previous HH from yesterday which gives possibility of bullish with the previous uptrend moves.
Price can go up to retest the neckline in the current zone before returning bearish at 0.75 fib level and moves up again. I put a pending order for buy at 0.61 fib level as it is higher than the neckline inside the purple arc. The area is also the 3rd HLs before reaching HH
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