tradewithhedge

NZD/JPY very close to a breakout

FX:NZDJPY   New Zealand Dollar/Japanese Yen
Hi traders,

This is one of some pairs that I am currently watching because it is very close to a breakout. Looking at the daily chart we can see that we are in a triangle type of formation, RSI is very close to break trendline and if we look a longer time frame, it looks that we may completed the wave 2 and now on the way to make wave 3. Breaking and CLOSING BELOW trend line it can give sellers more control in this pair.

Thanks!

Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com
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