NZDJPY Short Trade Idea
Aktualisiert
Large double top pattern spotted on the NJ higher timeframes spelling out some strong bearish sentiment for the technical heads. As we
know this to be a trend reversal pattern, it's quite a good indication that perhaps we are in the early stages of the new trend. Price
is currently in a corrective structure after a previous impulse-major degree in blue. In the middle degree-Red we've got a possible
3-3-5 Flat correction pattern. Wave 2-Red appears to be formed by a flat top bearish triangle which is a good indication that we may
expect a sharp move to the downside.
Targets:
-68.200
-67.400
-66.900
-66.000 (This may target may be reached after a confirmation of a 4th wave's completion)
If you enjoy this setup please do like and share, I would highly appreciate that. Please do comment if you have a different or similar
perspective on this pair, you're more than welcome to. Happy trading.
know this to be a trend reversal pattern, it's quite a good indication that perhaps we are in the early stages of the new trend. Price
is currently in a corrective structure after a previous impulse-major degree in blue. In the middle degree-Red we've got a possible
3-3-5 Flat correction pattern. Wave 2-Red appears to be formed by a flat top bearish triangle which is a good indication that we may
expect a sharp move to the downside.
Targets:
-68.200
-67.400
-66.900
-66.000 (This may target may be reached after a confirmation of a 4th wave's completion)
If you enjoy this setup please do like and share, I would highly appreciate that. Please do comment if you have a different or similar
perspective on this pair, you're more than welcome to. Happy trading.
Trade ist aktiv
Anmerkung
SL adjusted to break even.
Anmerkung
Re-entry opportunity
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.