short and long oppurtunity on nzdjpy

Jul 2, 2017

nzdjpy has broken the downward trendline and fast approching the weekly resistance lvl. in the past we have two sell offs from this level. The market has not tested the trendline after breaking it. so if price action suggest i will look for a short untill market test the trendline. after reteset i will be looking for going long in this pair. both places are marked on chart. check price action befor opening a position

Idea will be updated as market unfolds next week

Jul 9, 2017

Note

the price has almost touched the zone we are waiting to go short. stoch is over bought in daily timeframe. all we need is bearish signal next week to go short