Another plan for today is NZDJPY pairs. As you can see, there is a rising wedge pattern and price broke below the support in a clean way After price broke below the rising wedge support, an inside bar candlestick pattern also occurs and the next candle validate further downside.
In my opinion we could see price drops towad 75.05-00 area which is the low of rising wedge pattern. I already sold this pair from 75.65 and wanna share with you guys all my trade plan.
Sell NZDJPY 75.65-60 Stop loss 76.85 Take profit 75.05 (3R)
@Maimage, indicators on the 4hr showing oversold but the daily showing overbought. don't focus too much on indicator and looks at the price action and chart pattern