NZDJPY, 4hr tf, sell the hidden bearish divergence
We got another sell setup for JPY crosses which is NZDJPY.
As you can see price making a hidden bearish divergence and it occurs exactly at EMA-50. We might see price rotate lower from this point.
Sell NZDJPY 77.65
Stop loss 78.00
Take profit 75.80 (5.3R)
Use only 1-2% risk
Good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.