NZDJPY ready to touch the bottom
In my last lesson#4 i have mentioned that finding a true support/resistance or supply/demand zone for a perfect trade, using this method we can identify many good trades with best risk reward ratio... NZDJPY is looking in solid uptrend Daily chart and price is keep making higher lows each time and keep moving up but each price has thier station where they pause and reverse or sometime those area are temporary and price break them but using pri ce action tell us which is solid supply demand zone as already mentioned the more price stop at supply demand zone they more become stronger Looking at daily chart it is clearly seen that 91.80 - 92.00 are is strong resistance and price is not able to break in previous few moves and fall sharply.. If you look at today's daily bar it has breached that resistance level but at the end price not able move upward and bulls dead at this zone and bears started taking the control. Since this is clear uptrend the fall might be small but can g...
