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!
Note
Note
Note
Note
Note
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.
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.