NZDJPY analysis
On the W1 timeframe, the currency pair is trading in the range of the upper limit of the descending price channel. The ascending pattern of the H4 level is truncated. Awesome Oscillator shows divergence, while Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending wave pattern.
Stop Loss: 79.20.
Target levels: 77.20; 76.37.
