New Zealand Dollar / Japanese YenUpdated

NZDJPY IDEA

2 things can occur at this moment. either a break of the trend line signifying trend reversal. or, a continuation of the downtrend to .618 fib level.
if it continues down, short.
if it breaks, wait for retest and long.

will update idea.

Note

i entered short here with a relatively tight stop loss

Note

snapshot

Note

potential head and shoulder in the making

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