NZDJPY 4HR
I AM BEARISH BIAS ON THIS PAIR.
I EXPECT PRICE TO MOVE FURTHER UP TO THE 61.8 FIB LEVEL WHICH ALSO ACTS AS DAILY RESISTANCE.
LOOK OUT FOR PRICE ACTION(PIN BAR) CANDLE . IF WE GET REJECTED I ANTICIPATE PRICE DROPPING TO THE DAILY SUPPORT LEVEL,ONCE THAT SUPPORT IS BROKEN,WAIT FOR A RETEST AND CONTINUE TO TAKE IT DOWN TO THE TRENDLINE
LOOK AT THE BEARISH DIVERGENCE
CAUTION: I am not a financial adviser and these set ups are for educational purposes
trade at your own risk
I EXPECT PRICE TO MOVE FURTHER UP TO THE 61.8 FIB LEVEL WHICH ALSO ACTS AS DAILY RESISTANCE.
LOOK OUT FOR PRICE ACTION(PIN BAR) CANDLE . IF WE GET REJECTED I ANTICIPATE PRICE DROPPING TO THE DAILY SUPPORT LEVEL,ONCE THAT SUPPORT IS BROKEN,WAIT FOR A RETEST AND CONTINUE TO TAKE IT DOWN TO THE TRENDLINE
LOOK AT THE BEARISH DIVERGENCE
CAUTION: I am not a financial adviser and these set ups are for educational purposes
trade at your own risk
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