Get started
FXbrawler

NZDJPY - Held on support

Long
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
FXbrawler Updated   
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis NZDJPY
2
0
trendanalysis chartpattern beyondta nzdjpy
We have seen a reversed head and shoulder pattern on the H4 time frame, a breakout and a test of the newly found support. Entered a trade on a lower time frame confirmation and will see where this one will go.
Trade active:
Lifting stop losses at trade entries for a risk free trade.
Trade closed: target reached:
A nice 6:1 ratio position. Perhaps I will enter again lower given the right conditions but for now it's a wrap!
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.