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Tecnologia_Financiera
6. Nov. 2017 20:40

Short Oportunity on NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Beschreibung

NZDJPY pair broke an up trendline in October that has supported price since April. Once it was broken, price continued falling till the next support level, marked by Fibonacci Retracement, and has, since that, realized a pullback until reaching the broken trendline, now as a resistance. The pullback appears to have ended, since it stopped just on the Fib. Retracement level and trendline level, and price formed a shooting star candlestick pattern. All of them, reversal signals. We can bet on a short to a 77.5 target, reaching the last minimum.
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