OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Price has been in a clear bullish run for some time. On the HTF we can see price reach an area of large resistance - therefore we have been watching for a shift of momentum and the bears to try and take control since we know that they have been historically active in this area. On the 15 Min chart, we can see numerous rejections of the area and a double top formed with bearish candles following it.

Comments

I did mate, had a tight SL in case price continued in a bullish trend. After going 15 pips in profit we then witnessed the bulls take control and brought price above resistance
Reply
nice! have you entered this trade yet?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter