Taking short on the NZD/JPY
Updated
- As you can see price has rejected the monthly time frame and is on a descrying channel towards the downside.
- If we go onto the 4 hourly we can see that this rejection is a head and shoulder pattern forming.
- So we trade once its crossed the neckline and we see a bearish engulfing candle.
Quite new to trading so feel free to comment
Note
*bearish englufing candle any comments will be appreciated
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