TheSignalyst

NZDJPY - Potential Bearish Reversal!

Short
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!
~Rich

This analysis is done using RichTL
https://www.RichTL.com

Telegram
https://t.me/thesignalyst

Best Forex Broker
https://cutt.ly/TickmillReal

Best Crypto Exchange
https://cutt.ly/Kucoin9
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.