NZDJPY finishing the last Shoulder. RSI on Overbought, which means the trend will be respected.
This is a long term trend. My guess would be to go short for between 2 weeks and 1 month.
Triangle forming and my prevision is, out of the two trends in place, the bottom support (formed in August) is going to hold now.
It's too strong to brake now.
Based in this analysis, CADJPY is going to go Long. If the XABCD comes to life, and the trade hits TP2, more than 300 pips we'll be yours.
We can see that a previous uptrend is in place and it was tested many times, but never broken. This time will not be different. The downtrend is meeting the uptrend, with an Oversold in Stochastic and RSI.
TP1 and 2 values...
