NZDJPY - Potential Bearish Reversal!

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on DAILY: Left Chart
As per my last analysis, we know that NZDJPY is around a resistance zone so we will be looking for sell setups.

on H4: Right Chart
USDJPY is forming a head and shoulders pattern but it is not ready to go yet.

Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.

Meanwhile, until the sell is activated, NZDJPY can still trade trade or even break the resistance zone .

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL


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