NZD/JPY - Bearish Rectangle - Short
NZD/JPY - Entry for 24/02
Market closed on Friday with weak bearish candle
Bearish rectangle forming indicating continuation pattern
Will monitor on Monday to see if there's a bullush push towards resistance & if so take execute short position
Enter between 71.240 & 71.174 - RSI will be roughly 70% at this level
TP @ support 70.032 (monitor again at support to see if it breaks through & continue with bearish move downwards)
SL @ 71.487
Market closed on Friday with weak bearish candle
Bearish rectangle forming indicating continuation pattern
Will monitor on Monday to see if there's a bullush push towards resistance & if so take execute short position
Enter between 71.240 & 71.174 - RSI will be roughly 70% at this level
TP @ support 70.032 (monitor again at support to see if it breaks through & continue with bearish move downwards)
SL @ 71.487