NZDJPY: Short Opportunity Short

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Oct 24, 2016 6:19 AM

Price has bounced from a daily downtrend breaking below previous swing low, a sign showing change of trend direction. I expect a pullback at the upper parallel of the median line where i will keep a closer eye for a sell setup to complete.

Daily downtrend

NZDJPY

Comments

Trillionschifer

⋅ Oct 24, 2016 7:33 PM

Something to keep an eye on for sure.

Fxprotrader

⋅ Oct 24, 2016 7:59 PM

Yes, a sell setup at uper parallel would be a good opportunity