NZDJPY is forming Head and shoulder pattern at the top, which is a trend reversal pattern. According to the per chart pattern analysis, we might see a downside in NZDJPY from the current level. One can initiate the short side trade with proper risk management at stop loss at the current level.
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Trade closed: stop reached
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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.