As you can clearly see from the Trendline drawn we can determine that NZDJPY is bearish. So to get along with downward ride we are looking for opportunities and the market is retracing up to offer us a chance to sell.
We can also note that both Trendlines coincide in the resistance zone we have marked already. NZDJPY may retest the Bearish trendline and may continue down to reach our Targets.
I don't prefer to enter at current levels as its against my R:R rules...So Am Waiting... Check ur plan and trade...
Hit Thumbs Up for Likes.... Share/Comment your views....