NZDJPY is reaching a key area, and it's time to look for short here.
We have many reasons for that, as: divergence and overbought RSI, fib levels confluence and supply zone. All as shown in the chart.
Like if you agree, support and follow please!
Short on NZDJPY #H1 based on Double Top
For confirmation, I will wait for the a bearish candle to close below the open of the previous one.
Safely, I will place my order as below:
Entry: Sell Stop @81.05
SL: 81.55 (-50)
TP1: 80.41 (+64)
TP2: 79.88 (+117)
Good Luck and Trade Safely
ON THE DAILY CHART WE HAVE PRICE BREAKING OUT FROM THE SUPPORT TREND LINE.
WAIT FOR PRICE TO RETRACE BACK TO 73.249 AND SELL FROM THERE.
STOPS LOSS AT THE 75.871 LEVEL.
FIRST PROFIT TARGET IS 72.216.
SECOND PROFIT TARGET IS 67.980.