NZDJPY Short Idea

NZDJPY is at resistance and lines up with the downtrend line here in the 4 hour chart. Also, I am seeing it forming an ascending triangle in this this time frame as well, which is usually followed by a drop. I have included a fib retracement as well to show us possibilities of where the pair might retrace after its bullish move from last week. Let's see where how this trade goes! Good luck and thank you for looking!

Kommentar:

Entered a short position from 77.565 and there's a good chance that an incoming drop could just be a bigger correction rather than a continuation of the downtrend.

We'll see how this trade goes!