Retest + pinbar --> wait for momentum break
It looks like NZD/JPY has put in a downtrend pattern now with lower lows and lower highs; previous sup/res areas get retested on the way down.
Now all we need is a stronger momentum break lower to re-confirm the next downward-leg in the trend. Until then, just stay patient :)
Now all we need is a stronger momentum break lower to re-confirm the next downward-leg in the trend. Until then, just stay patient :)
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog