NZDJPY - Trend-Following Setup! 📉

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on DAILY: Left Chart
NZDJPY has been bearish trading inside the falling channel in blue. And it is currently approaching the upper trendline and resistance, so we will be looking for sell setups on lower timeframes.

on H1: Right Chart
NZDJPY is forming a channel in red but it is not ready to go yet.

🏹 For the bears to take over, we need a momentum candle close below the last low in gray.

Meanwhile, until the sell is activated, NZDJPY can still trade higher inside the green resistance.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich