NZDJPY I Head & Shoulders spotted
As we can see NZDJPY was bullish making Higher Highs & Higher Lows came into accumulation after a Bearish divergence on RSI. Now in this accumulation phase it has shown a popular reversal pattern i,e Head & Shoulder. Its all set to start printing new Lower Lows & Lower Highs to be in bearish trend. You can place your Sell stop on the support of pattern placing SL over last shoulder and TPs till the projection
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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.