Short opportunity on NZD/JPY, price moving into a major trendline.
Price in bouncing off ma50 and a Head & Shoulders pattern is forming.
The tendency of the price is to go lower.
Therefore we can expect the price to move into the previous support zone.
SL) 74.1
TP1) 73.1
TP2) 72.5
Comment below if you have any thoughts on this!
Price in bouncing off ma50 and a Head & Shoulders pattern is forming.
The tendency of the price is to go lower.
Therefore we can expect the price to move into the previous support zone.
SL) 74.1
TP1) 73.1
TP2) 72.5
Comment below if you have any thoughts on this!
Note
TP) 1 Hit
Note
TP) 2 Hit
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.