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EliteTradingSignals

NZD/JPY BEARISH BIAS RIGHT NOW| SHORT

Short
Neuseeländischer Dollar / Japanischer Yen (OANDA:NZDJPY)  
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OANDA:NZDJPY   Neuseeländischer Dollar / Japanischer Yen
Chart Patterns Trend Analysis Wave Analysis NZDJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

NZD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 89.683.

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We are seeing a good move already so we will keep the trade running!
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