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TheForexSamurai

Short opportunity with pattern, bias and TL confluence...

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
TheForexSamurai Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
6
0
Hi guys we have a sell/short opportunity here in the NZDJPY. With a bearish Cypher Pattern setups. coming in with a potential bear shark. Stops just above the pattern X points. And target as of the following:

TP1: 77.77
TP2: 77.20

Take note of the presence of bearish Divergence too.

On the daily outlook:

snapshot

Comment:
Take note that there would be RBNZ Financial Stability Report this coming May 31 and expect for market volatility in the NZD.
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