Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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NZDJPY BEARS TO TAKE OVER 📚
👉As we can see price is still overall bullish trading inside this rising channel, However, price is sitting around our upper bound of the channel acting as an over-sold zone, adding on around a strong resistance zone.
👉Meanwhile, on lower time frame, price is still overall bullish, and for the bears to take over, we need a break below the marked swing low, then a movement lower would be expected as a correction one.
👉And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
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