PriceActionTrading
Short

NZDJPY COUNTER SHORT TERM TREND TRADE

FX:NZDJPY   New Zealand Dollar/Japanese Yen
40 1 2
TRADE IS COUNTER TREND ON THE SHORT TERM CHART AND WITH TREND ON THE LONG TERM CHART.
PRICE HAS BEEN REJECTED FROM SWING POINT TWICE ON THE H4 AND ONCE ON THE D1.
H4 SHOWS DOUBLE TOP WITH A SECOND LOWER HIGH.

NOTE:
PRICE IS TRADING ABOVE 20SMA AND 50SMA, THUS PEOPLE WILL WANNA BUY THERE.
ONLY SELL IF PRICE BREAKS THE H4 MOTHER BAR AS INDICATED BY ARROW WITH STOP ABOVE THE MOTHER BAR AND TARGET 89.1.
PRICE HAS SUCCESSFULLY CLOSE ABOVE 90 ROUND NUMBER FOR 3 DAYS, THUS TAKE NOTE AND KEEP YOUR STOP TIGHT.
HIGH RISK HIGHER REWARD TRADE.
NZD surprisingly strong as compared to GBP EUR AUD.
managed to break the double top
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