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.
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.
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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