27.01.202111:31 Análise de Forex: NZDJPY is testing resistance, potential reversal

Price is testing our first resistance, in line with our horizontal swing high resistance, 127.2% fibonacci retracement and 127.2% fibonacci extension where we could see a reversal below this level.

Trading Recommendation

Entry: 75.076

Reason for Entry:

horizontal swing high resistance, 127.2% fibonacci retracement and 127.2% fibonacci extension

Take Profit: 74.713

Reason for Take Profit:

horizontal pullback support, 61.8% fibonacci retracement and 78.6% fibonacci extension

Stop Loss: 75.323

Reason for Stop Loss:

161.8% fibonacci extension

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Dean Leo,
Especialista em análise
do Grupo InstaForex © 2007-2021

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