Entry sign for SHORT on NZD/JPY

At 4h the price breaks the Rising Wedge and Fibo 0.382 figure, 50MA goes above the price, and the bearish closing candle is engulfing. Demark indicates a possible entry into the oversold area and a sign to enter the short position. The SL can be placed around 65.33, Fibo 0.5.

NZD/JPY 4h chart

 Trader Georgi Bozhidarov

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