Here on NZDJPY pair, I spotted a perfect example of a top-down confirmation trade.
Approaching a key level, the price formed a head & shoulders pattern on 1H time frame.
Its neckline was broken, and the candle closed below that.
We can go short from a broken neckline.
Goals: 84.09 / 83.73
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.