NZDJPY – Shorts in play, rejected from resistance level
Looks like the NZDJPY will be trading in a medium term range, it was rejected from an important LT resistance level:
The NZDJPY is already trading in a bearish market condition, plus it is trading below every important level in the short term charts, and you know what this combination yields:
NZDJPY – Bearish in the LT charts + very strong downtrend in the ST charts = look for shorts
Trade Safe!
Raul Lopez
http://www.protradingnow.com/
