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HashamARehman

NZDJPY - Sellers are setting up for the next leg south

Short
New Zealand Dollar / Japanese Yen (FX_IDC:NZDJPY)  
HashamARehman  
FX_IDC:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Support and Resistance Candlestick Analysis PA pat patadmin hashamarehman sellnzdjpy shortnzdjpy NZDJPY
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trendanalysis supportandresistance candlestick pa pat patadmin hashamarehman sellnzdjpy shortnzdjpy nzdjpy
Here we are on Kiwi/Yen daily chart and as we can see this market is in down trend. price was just pulled back and smashed towards Resistance level which is nearly at 74.58 and now we can see price is forming false breaking setup wait for NY session close it may form as bearish outside bar / bearish engulfing. we will be getting in sell shorts here. There are three main confluence factors aligning here such as trend, horizontal level and signal (which is in progress wait for NY close). safe trading!
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