TheSignalyst

NZDJPY potential bearish reversal

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
on DAILY: price is filling our previous GAP which acts as a strong supply zone so we will be looking for objective sell setups on lower timeframes.

on M30: price is forming a head and shoulders pattern, so we are waiting for the right shoulder to form and then enter after a momentum candle close below our gray neckline.

we also have divergence on MACD adding more confluence to our setup

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