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NZDJPY: Nice Level to Watch for Shorts

FX:NZDJPY   Dolar New Zealand/Yen Jepun
Dilihat 273 kali
29
273 1
On its way up price found resistance at the upper parallel of the descending channel , ot bounced and broke below the smaller rising channel . It's now correcting and heading once again to to test the upper paraller of the larger channel. When it reaches the trendline start watching for a sell setup completion

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Komen: Price reached the upper parallel of the descending channel and in addition the broken parallel of the small rising channel. Start watching for a sell setup at current level:
Komen: Price reached the sliding parallel as expected. We now better keep a closer eye in order to see how structure develops in order to take our future decision. What i believe is that price will make a correction and head down breaking below the sliding parallel. I will re update the post and analyze what comes next..!
bull's eye!
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