Brave NZDJPY sellers push the market down

١٨ يناير ٢٠٢٤

It's been risky selling against JPY lately. However when opportunity comes we have to take it no matter the history of price action. NZDJPY reached significant daily resistance on 11th of January. Price retraced back down and failed to reached previous high on the push up. H8 closed bearish and H1 had a bearish engulfing candle pattern indicating some more sellers have entered the market and that we might ride the price back to lower support.

١٨ يناير ٢٠٢٤

تم إغلاق الصفقة يدويًا

Even though we had a small retracement back down the price failed to break the uptrend. Closed with a small loss.