Taking short on the NZD/JPY

17 Ağu 2020

• As you can see price has rejected the monthly time frame and is on a descrying channel towards the downside.
  
  
• If we go onto the 4 hourly we can see that this rejection is a head and shoulder pattern forming.
  
  
• So we trade once its crossed the neckline and we see a bearish engulfing candle.
  

Quite new to trading so feel free to comment

17 Ağu 2020

Not

*bearish englufing candle

any comments will be appreciated