NZDJPY testing the rising wedge

NZDJPY preparing for a breakout

 

NZDJPY is rejected from 87.  We could witness a massive double top forming and the first step would be a break below the rising wedge trendline 85 level. A break below 85 would open a possible pullback to 82 and even lower.  Now only a confirmed upside continuation above the 86 level would invalidate the downside.

Note: look for the short trade entries with the stop loss above 86

 

 

NZDJPY downside breakout

 

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

REAL-TIME TRADERS EDUCATION! TRADER’S CLASSROOM ONLY $69 PER MONTH!

 

COPY TRADING MADE EASY

Take a break from your trading routine Copy our trades!

 



Scroll to Top
×