RatioForex

NZDJPY Developing A H&S Pattern

FX:NZDJPY   New Zealand Dollar/Japanese Yen
63 0 3
The FX:NZDJPY             pair, in the monthly or weekly time frame, you can see that price is forming a possible head and shoulders . The pattern will completed after a breakdown and close below the neck of the pattern (74.00).

The trading plan, will be to wait the break and close below the neck, then see a pullback to the same level, and in the level see a reversal A+ sign to sell, with target at 60.
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