Nzdjpy has completed a rising wedge pattern, the price broke the trendline and is going to drop for more than 400 pips during next weeks. The volumes are decreasing, it means that smart money are going out of the market and buy orders have been closed, if you look at the momentum oscillator (10-day ) you can notice a divergence, the same for rsi ( I did not show it in the chart). We have a nice selling opportunity with a risk reward of 1:4,2. You can set the sl on your own, I suggest you to consider that price might go up in order to create a fakeout, so do no set stop too tight.
Enjoy your trading!
Francesco
Enjoy your trading!
Francesco