A possible sell on NZDJPYI would say this could be a good sell.
That last touch on the blue trend line before the price plummeted was an amazing sell entry which I missed due to the element of uncertainty on this chart. It could have been an excellent entry, nevertheless.
Any way, this train has not left yet, I would think.
This sell trade appears to be a good opportunity to make decent profits against some minor losses even if the price does keep going upwards.
The latest two massive 1 hourly red candles could be a very good sign that the market on this chart might have finally made up its mind to keep going downwards.
It seems ultimately the price is more likely to keep going downwards even if it goes up one more time to retest the resistance on the horizontal level or even up to the trend line.