Wave-Trader
Short

NZDJPY Watch 15 minutes correction and sell

OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
HI there,

If you were in our weekly market outlook then i am sure you know that we were look for the NZDJPY so fall.

We are having very nice price action on the top Watch for sell.


How we you trade on this chart.

1. Watch 15 minutes correction and sell on breakout of that correction.

OR

2. Watch for the price to hit the top again and look for sell from top

In case price clearly close above the previous high then it will change the sell setup.

Good Luck

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Comment: So far excellent move.
Comment: Entry was on 15 minutes time frame on breakout.
that was a good one call
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May I know what is meant by Watch 15 minutes correction and sell on breakout of that correction? Switch to M15 timeframe look for reversal signal?
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Great chart idea, I have the same idea like you did, mine is based on FA
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