A bearish divergence and a double top technical reversal pattern was observed in NZDJPY currency pair in an hourly timeframe. bearish reversal is confirmed forming new LHs and LLs. Upon confirmation of the bearish pattern (when the previous LH is breached), it will be a good point to take short position.
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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.