A short trade opportunity recently presented itself on the kiwi-yen trading chart 📉.
This is indicated by the bearish harami candlestick 🕯️ pattern just on the 89.789 horizontal resistance level.
This indicates a false breakout (fakeout) of the same level, with potential price move in the downward 👇 ⬇️ direction.
Sufficient downward momentum should see price dumping towards the 87.500 psychological level and possibly testing the strength of the 86.959 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#NZDJPY #kiwiyen #shortsetup #bearishsignal #sell #trading #crosspair
This is indicated by the bearish harami candlestick 🕯️ pattern just on the 89.789 horizontal resistance level.
This indicates a false breakout (fakeout) of the same level, with potential price move in the downward 👇 ⬇️ direction.
Sufficient downward momentum should see price dumping towards the 87.500 psychological level and possibly testing the strength of the 86.959 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#NZDJPY #kiwiyen #shortsetup #bearishsignal #sell #trading #crosspair