NZDJPY Long on 4H then Short
This is an interesting one. All the indicators are short, price closed below cloud, Chikou span below price, kumo twist bearish.
BUT. The price is far from the kijun. When the kijun is flat price is coming back.
Because the kumo rises so sharply here, I think the price will retrace to test the resistance bottom of the kumo at 78.00 and align with the kijun. If resistance holds, then it will move back down to 76.636
BUT. The price is far from the kijun. When the kijun is flat price is coming back.
Because the kumo rises so sharply here, I think the price will retrace to test the resistance bottom of the kumo at 78.00 and align with the kijun. If resistance holds, then it will move back down to 76.636
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