vlad.adrian

NZDJPY - Neckline retest

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
3
Up there we have a H&S or a triple top, depending on how you want to see it. Thursday, price rose and tested the broken neckline. That was a great place to short, especially because I believe a downtrend has started, and on the 4H chart price was standing at value. Not much to say, it's a simple setup.

4H chart here
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.