Resistance rejection on long term Rectangle. Short. Short

Norwegian Krone / Japanese YenFOREX.com

Description

⋅ Jul 16, 2018 7:13 AM

NOKJPY is trading within a monthly Rectangle (RSI = 51.832, ADX = 21.125, CCI = 20.9692, Highs/Lows = 0) since early February (13.3500 - 13.900). Since July 10th it has been rejected 3 times on the Resistance so a short has been added, TP = 13.4897.