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
GBPAUD has rejected the 1.87 key resistance zone multiple times on the 4hr and daily timeframe. I am now looking to enter a simple short entry for a swing trade down to 1.72500.
There is a 4hr trendline that is in the way first so when price approaches this I will move my stop loss to breakeven to remove exposure. If that trendline breaks then I will assume the...