New Zealand Dollar / Japanese Yen

Short

NZD/JPY:SELL From 50% FIBO Dynamic Trendline SHORT Setup

Updated

NZD/JPY in a strong downtrend in the last sessions had a Pullback, this retracement reach the 50% Fibo from the previous Swing where a confluence of the Dynamic trendline, plus the presence of the 50 Moving average can be a great point where place a sell position. The Stochastic is in the overbought scenario and all these clues make our idea strong for a Short position.

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✅ OUR PREVIOUS WINNING IDEA NZD/JPY ✅

NZD/JPY: Double Divergence on RSI + STOCH Resistance SELL

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