Short

Possible H&S NZDJPY

Updated

Possible H&S here. I'll watch will the price confirm that H&S, in the next few hours. Breaking the level of 83.000 will not be only a confirmation of the H&S will be also a break of two other supports. The up channel and 200 EMA.

TP1 82,366
TP2 82,034

Trade with care and good luck everyone!

Comment

Another reason for the expected move down is the bearish divergence on a day graphic, together with a strong resistance area form the end of the previous year and beginning of this one, when was formed a double top.
23,6 fib retracement level is the target of the H&S, so it's another reason that confirm the level as a possible retracement.
s3.amazonaws.com/tradingview/snapshots/q/Qb3LdsYz.png

Comment

H&S in play
s3.amazonaws.com/tradingview/snapshots/w/WzSN8M67.png

Comment

TP1 reached

Trade closed: target reached

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