NZDJPY is destined for a strong bearish breakdown anytime from here...; there is a nice bearish 1.128* AB=CD (1.272/0.886) - 78.434 pattern formation currently.
Strong SHORT.
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Status from the indicators:
- The Ichimoku is still displaying rather neutral in this 4h timeframe (but it is already indicating Bearishness in the 1h timeframe; such as crossover & breakthrough already!)
- The MACD in H4 is now hinting bearish (but in H1 it is already bearish).
- The AO in H4 is also hinting bearish (but in H1 it is already bearish).
(*I have already been very heavily Short in this pair from right at the top; but it was my very own personal risk decision, & I plan to hold on to this Short position...)
Regards.
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Gosh, even as I was referring to the chart & typing out the above message, this pair just "crashed" down all so suddenly (so many pips)...!