NZDJPY PRICE ACTION TRADING INV. HEAD AND SHOULDERS
Hello Trader,
I hope you've had a successful trading week so far!
Let's have a closer look at NZD/JPY.
It's displaying a price action reversal pattern, specifically an inverse head and shoulders, on its hourly chart. Currently, the price is trading near the neckline breakout at 86.939.
Stops are set at the mid-right shoulder:
ST: 86.550
Target 1:
- 62%: 87.662
- 79%: 87.852
Target 2:
- 127%: 88.413
- 162%: 88.815
All traders, if you find this idea valuable, please support with a like and follow for more insights!
Best wishes for your trades!
I hope you've had a successful trading week so far!
Let's have a closer look at NZD/JPY.
It's displaying a price action reversal pattern, specifically an inverse head and shoulders, on its hourly chart. Currently, the price is trading near the neckline breakout at 86.939.
Stops are set at the mid-right shoulder:
ST: 86.550
Target 1:
- 62%: 87.662
- 79%: 87.852
Target 2:
- 127%: 88.413
- 162%: 88.815
All traders, if you find this idea valuable, please support with a like and follow for more insights!
Best wishes for your trades!
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