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nzdjpy huge bearish 18 jul
New Zealand Dollar / Japanese Yen
Short
nzdjpy huge bearish 18 jul
By kennkennntl
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Jul 18, 2023
1
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Jul 18, 2023
the price of nzdjpy created rising wedge and broke out and pullback.
now it continue its trend with engulfing as confirmation.
The price can be seen as head and shoulder breakout to downside.
The stoploss is above engulf candle (depend on position size and risk preference)
The target is defined by fibonacci projection.
The risk reward ratio in this trade is 7
Chart Patterns
NZDJPY
Trend Analysis
kennkennntl
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