NZD/JPY 30-Minute Chart – Bearish Focus
This chart highlights a potential selling setup for the NZD/JPY pair on the 30-minute timeframe. Key insights include:
Supply Zone at 88.800:
Price recently tested a key supply zone near 88.800, where strong selling pressure is likely to emerge.
Bearish Ascending Wedge:
The current price action is forming a small ascending wedge pattern, a bearish reversal structure, indicating a potential breakdown.
Potential Sell Setup:
A break below the ascending trendline could confirm selling momentum.
The first target is the 87.600 level, with an extended move toward the demand zone around 87.200.
Risk Management:
Stop-loss placement above the supply zone near 88.800 is recommended to protect against invalidation.
This setup provides a bearish outlook, with sellers waiting for confirmation of a trendline break before entering short positions.
Supply Zone at 88.800:
Price recently tested a key supply zone near 88.800, where strong selling pressure is likely to emerge.
Bearish Ascending Wedge:
The current price action is forming a small ascending wedge pattern, a bearish reversal structure, indicating a potential breakdown.
Potential Sell Setup:
A break below the ascending trendline could confirm selling momentum.
The first target is the 87.600 level, with an extended move toward the demand zone around 87.200.
Risk Management:
Stop-loss placement above the supply zone near 88.800 is recommended to protect against invalidation.
This setup provides a bearish outlook, with sellers waiting for confirmation of a trendline break before entering short positions.
Trading ditutup: target tercapai
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.