after toucing triple top at 84.04, NZDJPY perform 2 days bearish, and rightnow still at confirmation of head ad shoulders pattern at smaller timeframe H1 a good position here at confirmation of Hns, and stoploss above right shoulders at 83.40 will bring a good risk reward ratio 1:9.62 Normal target at fibonaci 38.2 at support level, or at fibonacci 61.8 at 78.5. If your target at fibonacci 618 support, Riskreward ratio : 1:16.29
note : this will be update analysis if my last analysis at same pair hit stoploss.
Open Short : 83.07 Stoploss : 83.40 Takeprofit : 80.71 or 78.78 Risk reward ratio : 1/9.62 for support level takeprofit 1/16.29 for fibonacci 618 takeprofit
Analyzed by. Dian kemala and Asassinusa2
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look at H1 analysis here :
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last barrier at major trendline, need to break at 1 or 2 day for next target at 80.71