NZDJPY - Held on support
We have seen a reversed head and shoulder pattern on the H4 time frame, a breakout and a test of the newly found support. Entered a trade on a lower time frame confirmation and will see where this one will go.
Trade active
Lifting stop losses at trade entries for a risk free trade.Trade closed: target reached
A nice 6:1 ratio position. Perhaps I will enter again lower given the right conditions but for now it's a wrap!
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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.