FX:NZDJPY   New Zealand Dollar/Japanese Yen
334 9 14
SEE CHART. THE PAST TWO MONTHS OF NZDJPY             HAS BEEN QUITE MESSY.
BUT IT LOOKS LIKE A ROUNDING TOP PATTERN WITHIN A WEDGE .
WHAT DO YOU THINK?
SELL AT BREAKOUT.
WE NEED THIS BREAKOUT AS A CONFIRMATION AS W1 HAS A DOJI/SLIGHTLY BULLISH CANDLE.
DO NOT SELL AGAINST THAT W1 BAR NOW.
Price broke above trendline and prior 3 days inside bar.
But does it mean buy?
No. I feel its just a correction upwards. Even if its not, i do not feel comfortable buying this as confluence is insufficient.

Look to sell after this correction.

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NZD OPENED WITH GAP DOWN. SHOWS MUCH ABOUT THE LOAD BEARS HAVE UNLOADED ONTO THE MARKET.
LOOKING TO SELL AT TRENDLINE UPON FAVOURABLE PRICE ACTION H4.
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Nice. Thank you :)
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PriceActionTrading Khramov.Vladislav
Thanks guys. Rounding top must not be invalidated for this idea to work. Only a break below the neckline will verify the integrity of the rounding top. It is all just assumption as of now take note :)
+1 Reply
thank you I LOVE it
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The pin bar at 90 of 2 days ago is a good sell signal. I´m short already
NZDJPY Reloaded
+2 Reply
Agree with you. :)
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Thanks. See that you have a NZDUSD sell too.
+1 Reply
H4 SHOWING THE FINER DETAILS OF ROUNDING TOP

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