TradingView
michaelnagy
Feb 14, 2017 3:35 PM

Head and Shoulder on NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description

- 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.
More