NZDJPY is at the upper trendline in a bearish channel. On the chart we can see a lot of indications that the price might begin to go down again (does not necessarily mean there is a higher chance of it to happen)
The price has formed a bearish bat pattern, RSI has been overbought, MACD about to turn bearish, it is at a previous resistance level and it is also at the upper trendline
Look on lower timeframes for entry
SL above the high
Let's see how it goes
The price has formed a bearish bat pattern, RSI has been overbought, MACD about to turn bearish, it is at a previous resistance level and it is also at the upper trendline
Look on lower timeframes for entry
SL above the high
Let's see how it goes