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.
Comments
Realisto_FX
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The pin bar at 90 of 2 days ago is a good sell signal. I´m short already
PriceActionTrading
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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.
PriceActionTrading
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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.
MLansky
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Nice. Thank you :)
PriceActionTrading
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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 :)