NZDJPY – Shorts in play, rejected from resistance level

Written by Raul Lopez on . Posted in Trades & Analysis.

Looks like the NZDJPY will be trading in a medium term range, it was rejected from an important LT resistance level:

NZDJPY
NZDJPY

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/

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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