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NZDJPY Sell Idea
New Zealand Dollar / Japanese Yen
Short
NZDJPY Sell Idea
By VladimirRibakov
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Updated
Nov 28, 2018
8
Cheer
Cheer
Nov 27, 2018
H4 - Head and shoulders pattern, hidden bearish divergence.
Price did break and close below the neck line, validating this head and shoulders pattern.
H1 - Price created double wave and it has now reached the 61.8 fibo level.
Bearish divergence forming, once the bearish divergence completes itself, we may then start looking for sells with more bearish evidences.
The target for this sell setup would be the duplication from the head towards the neckline of the head and shoulders pattern.
Nov 28, 2018
Comment
Update: This setup has been invalidated as price broke above the previous high.
bearishdivergence
doublewave
hiddenbearishdivergence
NZDJPY
SELL
Trend Analysis
VladimirRibakov
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