FullTimeTrader

NZDJPY-H1. Reciprocal AB=CD

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
I like to trade this pattern at market tops.
(Please do not trade correlated pairs, i posted another AUDJPY trade)
Price is respecting this reciprocral AB=CD pattern. Still not late to catch this move.
Reasoning:
- structure resistance
- reciprocal AB=CD
- 0.61 fib retracement
- parallel channel
- morning star candle pattern

Happy weekend

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.