NZD/JPY Short position idea
NZD/JPY is going to short.
Here is why:
1- Price has broken upward trendline, possibly going to retest it.
2- We can see RD- in RSI indicator, showing us a possible trend reversal. also RSI upward trendline has broken.
3- Triple Top pattern.
Invalidation: IF price breaks and stays above 87.00.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and does not include financial recommendation. Trading is Risky, so before any action do your own research.)
Here is why:
1- Price has broken upward trendline, possibly going to retest it.
2- We can see RD- in RSI indicator, showing us a possible trend reversal. also RSI upward trendline has broken.
3- Triple Top pattern.
Invalidation: IF price breaks and stays above 87.00.
If you like it then Support us by Like, follow and share.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and does not include financial recommendation. Trading is Risky, so before any action do your own research.)
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