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Nzd/Jpy charts show us another bearish setup
Another bearish engulfing candle has appeared on the daily chart after the pair has hit 88
-- a target that was predicted by traders months ago
The next target will be 92, but retracement is in order first,
and this should be a deeper retracement this time
First, let us take a look at the daily chart:
Here we can see that the bearish engulfing candle has already pushed the price toward daily trendline,
and with this quick price action down - I doubt …
Another bearish engulfing candle has appeared on the daily chart after the pair has hit 88
-- a target that was predicted by traders months ago
The next target will be 92, but retracement is in order first,
and this should be a deeper retracement this time
First, let us take a look at the daily chart:
Here we can see that the bearish engulfing candle has already pushed the price toward daily trendline,
and with this quick price action down - I doubt …