Fxprotrader
Short

NZDJPY: Key Level To Watch For A Sell Setup

FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY is overall in a correction with price rising and heading to a slide parallel of a downslope median line . At the same level we have the 0.382 fib level of previous down wave. We should wait for a breakout below the rising channel where price is moving and wait for a sell setup to complete based on our strategy. A more aggressive way to trade this, is to watch for a setup id price reaches the slide parallel.

Like and follow for updates..! Always use stops in your setups..!

Comments

Thanks for your insight FX ,im short in this pair.Lets hope all goes to plan.
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Fxprotrader pip_hunter
Great.. Keep in mind that it may goes a little more to the upside. i hope your are safe with stoploss :)
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pip_hunter Fxprotrader
Hi Fx hope you are having a great weekend.Just wondering if this pair has completed retrace and maybe on the way down?

https://twitter.com/kevsta35/status/769456917533995009
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Fxprotrader pip_hunter
Thanks for sharing
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