Charlieab94
Short

NZDJPY Short Trade *TRENDLINE BREAK & FIBONACCI*

OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY Short set up after last weeks lovely bearish action.

4hr bullish trendline broken.
4hr lower low made last week.

I am shorting on the retest of broken trendline , multiple rejections of the Fib 0.618 level and lower high forming.

SL comfortably above 0.786 Fib
Trade active
Comment: Price has snapped perfectly
Comment: Good daily and weekly bearish candles on this trade.
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Comments

Lots of bearish momentum... new lower low to be made. Then I will be looking for scaling in opportunities
Reply
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