NZDJPY (short)
Trade Analysis
Reason For Entry:
- 4H head & Shoulders
- Bounce & continuation of 1H descending trend line
- 61.8 Fib retracement
- Bounce off of 1H resistance
- Shorted on top of right shoulder on H&S pattern 1H
Reason For Stop-loss:
- Above 1H descending trend lien
- Above strong resistance 1H & 4H
Reason For Target:
- 4H lows
Reason For Entry:
- 4H head & Shoulders
- Bounce & continuation of 1H descending trend line
- 61.8 Fib retracement
- Bounce off of 1H resistance
- Shorted on top of right shoulder on H&S pattern 1H
Reason For Stop-loss:
- Above 1H descending trend lien
- Above strong resistance 1H & 4H
Reason For Target:
- 4H lows
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