Perfect NZDJPY Sell Idea From The Top Of The Range

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Perfect NZDJPY Sell Idea From The Top Of The Range

Hi Traders! we have a perfect NZDJPY sell idea from the top of the range.

NZDJPY Weekly Chart:

In this pair the price is moving inside a range on the weekly chart and is being respected. Currently the price is slightly below the top of this range. As long as last high is holding, we are after sells.

Perfect NZDJPY Sell Idea From The Top Of The Range

Our final target would be the bottom of this channel.

NZDJPY H4 Chart:

On the H4 chart we have a short term bearish cycle which is coming near its end now.

Perfect NZDJPY Sell Idea From The Top Of The Range

We may now expect a correction in the form of double wave up. Once a double wave forms, draw the most recent uptrend line and once the price breaks out of this uptrend line, go for short.

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Perfect NZDJPY Sell Idea From The Top Of The Range
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Yours,

Vladimir

 

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