Get started
HayatoDragonFX

NZDJPY, daily timeframe, Double Top and SHS pattern in play

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
HayatoDragonFX  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators NZDJPY nzdjpyshort nzdjpysell nzdjpyanalysis nzdjpysignal Double Top doubletoppattern SHS
7
0
trendanalysis chartpattern indicator nzdjpy nzdjpyshort nzdjpysell nzdjpyanalysis nzdjpysignal doubletop doubletoppattern shs
Hello my friend,

I noticed some good setup in NZDJPY as price making a potential double top pattern on the daily timeframe.

Taking a deeper look into 4hr timeframe we could see another bearish pattern which is favorable to trade. It is a shs or shoulders head pattern.
I am going to sell NZDJPY as there is 2 bearish patterns in play for this pair.
Also keep in mind there will be NZD datas coming soon in less than 12 hours.

Sell NZDJPY 70.00
Stop loss 70.65
Take profit 1 @69.10
Take profit 2 @68.20

I am selling NZDJPY from 70.00

Related Ideas

HayatoDragonFX
NZDJPY, 4hr timeframe, Detailed analysis of SHS/Double Top
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.