NZDJPY Sell idea
The NZDJPY currency pair has recently approached a significant resistance zone, where it underwent a false breakout. Notably, the pair formed a bearish head and shoulders pattern, further suggesting a potential shift towards a bearish market. This bearish indication was confirmed by the subsequent formation of a lower low and a lower high, thereby reinforcing the hypothesis of a sell strategy.
Please, don't follow my signal blindly, trade based on your own risk.
Note
Target reached
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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.