Nzdjpysell
NZDJPY FALL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity NZDJPY .
I still did my best and this is the most likely count for me at the moment.
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NZD/JPY short opportunityHy traders
I hope you had a nice weekend so that we can start the new trading week calmly and evenly.
After retesting the double top , I expect the downward trend to continue!
Look for reversal formations in LTF
S/L and targets can be found in the chart.
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Dyor and trade save, things can change!
NZDJPY – Taking a short sell entry hereNZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday.
This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio).
A convincing break below that level will open a long term sell opportunity with target still remain to be seen.
For now, lets see how will the price develop. Good Luck.