NZDJPY sell setup
Hello, From the daily chart, we can see the price is moving in a downtrend, it then broke and closed below the support level.
In 1H, the price formed descending channel in which the price is bouncing within the range.
If the price manages to break past the channel and make a bullish fakeout to retest the daily resistance level, I will short the pair upon candlestick confirmation.
In 1H, the price formed descending channel in which the price is bouncing within the range.
If the price manages to break past the channel and make a bullish fakeout to retest the daily resistance level, I will short the pair upon candlestick confirmation.
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