New Zealand Dollar / Japanese Yen
Short
Updated

Head and Shoulders

54
We have now violated structure putting in an ISL (initial structure low) an indication of trend reversal. We are now pulling back into the outside return,we have also got a lower low lower close candle in the outside return which is my entry signal. Im not short. Stops are 1 ATR above the outside return. Targets are an AB=CD pattern coming into structure.
Trade closed: target reached
Targets hit +34

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