NZDJPY
What's up guys !
Price has been in an up trend making higher highs and higher lows after the break of the 76 resistance currently turned support zone
As price approaches the 78.5 resistance area it respects it with multiple rejections and if you look very well you can observe a double top pattern , currently looking for a sell setup while waiting for price to break the last swing low (my TRIGGER) to give me an indication that the bears are falling into the market to take control
Also looking for the cross of the EMA14 and EMA50 !,
The MACD divergence can serve as an Add-on for me
What do you guys think ?
Price has been in an up trend making higher highs and higher lows after the break of the 76 resistance currently turned support zone
As price approaches the 78.5 resistance area it respects it with multiple rejections and if you look very well you can observe a double top pattern , currently looking for a sell setup while waiting for price to break the last swing low (my TRIGGER) to give me an indication that the bears are falling into the market to take control
Also looking for the cross of the EMA14 and EMA50 !,
The MACD divergence can serve as an Add-on for me
What do you guys think ?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.