NZDJPY moving inside ascending channel

Short opportunity.

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lower time frame.

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Daily view.

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Simple Zig-Zag completed. Short opportunity with tight SL.

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Price went up all day long. Now is testing the top with RSI showing overbought conditions also rising wedge formation indicates trend reversal. Short opportunity if we see down movement.

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Price broke resistance tred line which indicate more up move with long opportunities.

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If we use wave count we can see that price almost completed 5 wave impulse leg with ending diagonal at wave 5. Now we should see some retracement which would be a short opportunity. Possible little more extension to 61.8 and 161.8 extension before down move.

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Possible start of retracement.

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