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This pattern indicated that the NZD/JPY could drop nicely this week, looking at the daily chart, and it could bring some decent profits.
But of course, this is just basic technical analysis.. 100% accurate, detailed, and precise trades are forever available to our wonderful clients.
We will update the idea on our blog's analysis section so we can help you remove...
GBPTRY is a great trade as always, even better when traded with 0.0 pips spread and NO swap fees.
On topic - looks like an inverted head and shoulders pattern on this time frame and may rise up quite nicely today, tomorrow, toy Yoda.
Or it would fall under the descending triangle pattern and slide back to where it came from.
Let's have a look-see.
This is just...