Possible Short NZD/JPY at 29.08.2018

Hello everyone, the NZD / JPY cross has been on a downtrend since the beginning of 2018 with well-defined decreasing highs and lows.

At the moment we are on an excellent MONTHLY level 74.50, the prices seem to be about to end the retracement period.

Furthermore the last candles have always had fewer wide ranges; if when the US markets closes, the candle forms a doji, it might be a good chance to short with a target of 73.50/72.50.

What do you think?

Good trading to everyone

 

 

 

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Thanks to Stefano Bifoli for the article!

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