Trade idea - NZJPY Short
4H
Bearish impulse / break of last HL: indication.
Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
From 1H perspective: Corrective approach towards entry zone + -27 Fibonacci completion aligning with entry zone.
= Sell limit.
Bearish Fake Out flag also there as extra evidence.
Bearish impulse / break of last HL: indication.
Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
From 1H perspective: Corrective approach towards entry zone + -27 Fibonacci completion aligning with entry zone.
= Sell limit.
Bearish Fake Out flag also there as extra evidence.
Note
DAILY
Clear support & resistance zone is there.
Trade active
Active.Trade closed: stop reached
-1.5%
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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.