12.03.2021
On the W1 timeframe, the currency pair is trading in the range of the upper limit of the descending price channel. On the H1 TF, a bullish divergence has formed, and Stochastic Oscillator signals overbought conditions.
NZDJPY rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the ascending wave pattern.
Stop Loss: 79.20.
Target levels: 77.20; 76.37.
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