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TheSignalyst
Nov 8, 2020 6:23 PM

NZDJPY Sell Setup Short

New Zealand Dollar/Japanese YenFXCM

Description

If you like the idea, do not forget to support with a like and follow.

on DAILY: NZDJPY is approaching a resistance in blue so we will be looking for sell setups on lower timeframes.

on M30: NZDJPY is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and then sell on its break downward.

Moreover, this one is forming a head and shoulders pattern (still an idea) which adds more confluence to our setup.

Good Luck!
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