NZDJPY is Finishing the 2nd Arm, after its finished you will see NZDJPY fall on its FACE. But we dont just trade off patterens, We Need more confirmations. Ive Listed several Below..
1. Theres a Bearish harmonic pattern on the monthly
2. Back in Feb we hit this level, and fell
3. This pair is over brought
4. It is at a know reversal zone
5. Price action is rejecting at the 38 Fibonacci level
Once Price action Brakes out from the 38 fibonacci level and support zone at 70.000, Short to the next 69.645, move SL to break even or take partial profits, Price could go as far as 68.528
1. Theres a Bearish harmonic pattern on the monthly
2. Back in Feb we hit this level, and fell
3. This pair is over brought
4. It is at a know reversal zone
5. Price action is rejecting at the 38 Fibonacci level
Once Price action Brakes out from the 38 fibonacci level and support zone at 70.000, Short to the next 69.645, move SL to break even or take partial profits, Price could go as far as 68.528