NZDJPY selling scenarios

FX:NZDJPY   紐元 / 日圓
53 1 5
NzdJpy             has 2 selling scenario's based on last weeks bearish reversal candle. If we enter short at the todays             open, we would have atleast a 1:1 risk to reward ratio. I've entered medium size short because I'm confortable with a large stoploss. If you want to wait, you can enter at much better price right by 82.8-83.0 which will give you a 2:1 ratio and even more since I'm expecting a little larger move to the downside.

Technicals: Go to the weekly chart and you will see a monthly resistance trendline and a double top

Fundamentals: uummm we dont do that here :) but perhaps people will buy less risky currencies over new years and new president of United States which equals to buying safe (USD and JPY) currencies.
Thank you for sharing your idea, nice trade setup. I have similar view as well.
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