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michaelnagy

Head and Shoulder on NZDJPY

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
michaelnagy  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Head and Shoulders Double Bottom
3
0
headandshoulders doublebottom
- According to autochartist database the Head and Shoulder Pattern has 81% of accuracy in it's completion. This by itself is a reason for me to enter the trade.
- I expect a double bottom to be formed after the head and shoulders completion.
- Double bottom is a 79% accuracy pattern so, target 2 and 3 has low chance of being hit.
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