NJDJPY Counter Trend SetUp- Long (Short Term)
This is a counter trend trade set up for NZDJPY.
Price broke down TL and retested support.
Looking for price to go back to the 61.8 fib level. If price breaks this 61.8 fib level, I am expecting price to return to the top to create a triple top, before a long term sell setup is available.
If price respects the 61.8 fib level, I am expecting a long term sell set to play out.
Price broke down TL and retested support.
Looking for price to go back to the 61.8 fib level. If price breaks this 61.8 fib level, I am expecting price to return to the top to create a triple top, before a long term sell setup is available.
If price respects the 61.8 fib level, I am expecting a long term sell set to play out.