NZDJPY Sell Idea
D1 - Price broke at the bottom of the triangle pattern and is holding below it. Potential divergence is forming.
H4 - There is already divergence but there is no other sign of bullish momentum yet.
We have a strong support level below 77.20 range. Price broke below first magnet zone and is moving towards the second magnet zone.
We are now looking for short term pullbacks in order to sell.
Once the price reached the second magnet zone and if we get confirmations of bullish momentum, we can cash out of this sell trade and join the bulls.
H4 - There is already divergence but there is no other sign of bullish momentum yet.
We have a strong support level below 77.20 range. Price broke below first magnet zone and is moving towards the second magnet zone.
We are now looking for short term pullbacks in order to sell.
Once the price reached the second magnet zone and if we get confirmations of bullish momentum, we can cash out of this sell trade and join the bulls.
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