NZDJPY - BEARISH TREND TRADING OPPORTUNITY
The 3rd pair looked at in today's video featured a bearish trend trading opportunity.
After a beautiful higher time frame 2618 completion the NZDJPY has been in a free for all since trading right below 84's. After the recent extension it has now created a rising channel back into previous structure. The technical killzone to start looking for shorting opportunities is from 79.10's to 80.60's but a smaller zone starting at 79.50's is what stands out to me.
This isn't a pair that's in my trading portfolio so i won't be trading it, but we'll certainly keeping an eye on it this week as many of the traders that I work with do.
Akil
"Everton Looked Horrible Today"
After a beautiful higher time frame 2618 completion the NZDJPY has been in a free for all since trading right below 84's. After the recent extension it has now created a rising channel back into previous structure. The technical killzone to start looking for shorting opportunities is from 79.10's to 80.60's but a smaller zone starting at 79.50's is what stands out to me.
This isn't a pair that's in my trading portfolio so i won't be trading it, but we'll certainly keeping an eye on it this week as many of the traders that I work with do.
Akil
"Everton Looked Horrible Today"
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