NZD/JPY - Simple Market Structure on the 4HR
Bring up a chart! Identify the trend, using trendlines as above to highlight a channel can be useful with this.
Then, identify levels in which price has gravitated towards and bounced from on a consistent basis. You can see three of these key levels in the chart above!
This is simple market structure and can really help you with chart analysis.
Are we expecting a reversal on this pair?
If so, lets wait for some hawkish fundamentals from the BOJ!
Then, identify levels in which price has gravitated towards and bounced from on a consistent basis. You can see three of these key levels in the chart above!
This is simple market structure and can really help you with chart analysis.
Are we expecting a reversal on this pair?
If so, lets wait for some hawkish fundamentals from the BOJ!