I am looking to short NZDJPY.
Originally price was making a higher highs and higher lows.
Price then entered the monthly/weekly resistance supply zone.
Price than formed what appears to be a double top, and price has been unable to break through.
Also a double top at the end of an uptrend can serve as a bearish reversal pattern. That along with price...
I think NZDJPY, is a bearish swing trade. I'm expecting price to continue the continuation and create a right shoulder for an IHS formation on the monthly timeframe.
Here we are on Kiwi/Yen daily chart and as we can see this market is in down trend. price was just pulled back and smashed towards Resistance level which is nearly at 74.58 and now we can see price is forming false breaking setup wait for NY session close it may form as bearish outside bar / bearish engulfing. we will be getting in sell shorts here. There are...
Hello Traders,
Price is rising correctively, watch for another down move into the bottom trendline. Sell as much higher as you can.
Good luck!
Cheers,
Jonas
