15minute chart - NJ to reach localised high & fade
Short term short opportunity -
Using the Head & Shoulders pattern, we can see that NJ is heading north to a recent high.
Note: This is a counter trend trade because on a higher timeframe (H4) we are bullish. However, it is quite possibly within its parameters to sell, technically.
ALERT: If there are no visible selling patterns or signals in the sell zone, then most likely price will continue higher. Therefore do not sell if this is the case.
Using the Head & Shoulders pattern, we can see that NJ is heading north to a recent high.
Note: This is a counter trend trade because on a higher timeframe (H4) we are bullish. However, it is quite possibly within its parameters to sell, technically.
ALERT: If there are no visible selling patterns or signals in the sell zone, then most likely price will continue higher. Therefore do not sell if this is the case.