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1.Yes price is in a downtrend following an trendline.
2. But currently price is at daily support (which is a buy zone)
NB: Therefore we wait for break of trendline to upside or beak of horizonal structure to downside.
#NZDJPY WAIT ON BEARISH MOMENTUM
Wait on break of structure
WAIT ON PRICE ACTION
Watch Price for next move
BULLS RUN NOT OVER
Wait on breakout of range
I am looking bearish from current hourly key structure, as it has been holding the price for some time.
#WAIT AND WATCH ON PRICE
ONLY ON COMPLETE PULLBACK AND REJECTION OF NECKLINE WE SELL!
#USDCAD can us more down move if hourly structure is broken!