Trade of The Day Long NZDCHF High Probability Trade of the Day!
Trade with the trend
High Risk to Reward
Highprobability
15 min Inverse Head & Shoulders EUR/JPYHigh Probability trade of the day
Long EUR/JPY @ 141.40
Target 142.50
Stop Loss: 140.90
Notes:
Bullish divergence observed on the 15 min chart
Possible inverse Head and Shoulders Formation
Price broke above the cloud (Bullish in 15 min)
NFLX head&shouldersHigh-beta names feels a bit heavy at this point after a big run since mid of May. In Netflix, after it borke up bear chanel, it had a nice and clear move following the 8-day EMA from $350 to $475. It failed to hold above previous high $458. Right Shoulder was re-test of this resistance that is still in tact. Entry Short on break of neckline around $433-$434 could give us high-probability trade. For trader with different risk parametres you can use earlier entries with tighter stops. This time I don't have well-defined target, reasonable level is $417.20 base support. I will measure and update.
