jmuzy

Breakout. Potential short

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FX:NZDJPY   紐元 / 日圓
Good day,as always trade with candle closure.I see a potential short opportunity based on the strength of the correction we see on the daily. Here is a good example of bulls not having enough buyers at this level. A good bull engulfing would of been significant enough for me to not take this trade. bulls look weak,bears look strong. Trend direction is Down ATM, short term. Lets see if market behaves with the trend and we get a bounce this week off the trend line.
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