nakedchartist

NZDJPY short at potential right shoulder

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
on the h4 timeframe, I can see a possible right shoulder being formed and I will be keen to reenter on the downtrend via the hns formation.
on h1, I will be relying on my usual channel setup, and looking for it break.
I am happy when i see h1 divergence appearing.
So far I have been short, then long and now short. Perhaps I have been playing all legs of NZDJPY and hope the 3rd time is a good one as well.

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.