NZDJPY, daily timeframe, Double Top and SHS pattern in play

2020년 8월 4일

Hello my friend,

I noticed some good setup in NZDJPY as price making a potential double top pattern on the daily timeframe.

Taking a deeper look into 4hr timeframe we could see another bearish pattern which is favorable to trade. It is a shs or shoulders head pattern.
I am going to sell NZDJPY as there is 2 bearish patterns in play for this pair.
Also keep in mind there will be NZD datas coming soon in less than 12 hours.

Sell NZDJPY 70.00
Stop loss 70.65
Take profit 1 @69.10
Take profit 2 @68.20

I am selling NZDJPY from 70.00