Inverted head and shoulders pattern as continuation Long

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Jul 27, 2017 11:31 PM

after break channel up, NZDJPY perform inverted head and shoulders as continuation pattern.
Using small stoploss bellow 618 will be a good idea for 1:4 risk reward ratio

Open long : 83.15
Stoploss : 82.82
Take profit : 84.63
R/r ratio : 1:4

analyze by : Dian Kemala and Nate TheGreat7

Comments

ocmstella

⋅ Jul 28, 2017 1:42 AM

its drop now.

AzrulAzir

⋅ Jul 28, 2017 1:46 AM

@ocmstella, we have stoploss, so if it drop more lower it still save.

NateTheGreat7

⋅ Jul 27, 2017 11:32 PM

Great catch!

rafsan

⋅ Jul 28, 2017 6:19 AM

Hey Dian I am big fan of ur analyis & try to follow ur ideas. Please clarify me this what i see on daily TF.

This one shows NJ in an interesting area.

This one shows divergence on AO.

Thanks.

AzrulAzir

⋅ Jul 28, 2017 9:28 PM

@rafsan, i already update my analysis. Darn its different direction, but same pattern. if you are bearish :