empty
24.05.2021 11:19 AM
NZDJPY facing bearish pressure, drop incoming!

This image is no longer relevant

Prices are facing bearish pressure and might continue its bearish moves downwards if it breaks through support level which coincides with 127.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push down further and take support from 161.8% Fibonacci retracement and 127.2% Fibonacci extension. If prices reverses from pivot, prices might face resistance from horizontal swing high resistance in line with 50% Fibonacci retracement and 50% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.

Trading Recommendation

Entry: 77.928

Reason for Entry:

Horizontal swing low support, 127.2% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit: 77.597

Reason for Take Profit:

Horizontal swing low support, 161.8% Fibonacci retracement, 127.2% Fibonacci extension

Stop Loss: 78.221

Reason for Stop Loss:

Horizontal swing high resistance, 50% Fibonacci retracement, 50% Fibonacci extension

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback