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New Zealand Dollar / Japanese Yen
Short

NZDJPY Sell Setup

136
If you like the idea, do not forget to support with a like and follow.

on DAILY: NZDJPY is approaching a resistance in blue so we will be looking for sell setups on lower timeframes.

on M30: NZDJPY is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and then sell on its break downward.

Moreover, this one is forming a head and shoulders pattern (still an idea) which adds more confluence to our setup.

Good Luck!
TheSignalyst
Trade Made Simple
RichTL.com

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instagram.com/richthesignalyst

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Also on:
breakoutChart PatternsTechnical IndicatorsnecklineNZDJPYrejectionreversalSupply ZoneSupport and ResistanceTrend Analysis

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breakoutChart PatternsTechnical IndicatorsnecklineNZDJPYrejectionreversalSupply ZoneSupport and ResistanceTrend Analysis
TheSignalyst
Trade Made Simple
RichTL.com

Instagram:
instagram.com/richthesignalyst

Telegram
t.me/thesignalyst

Best CFD broker - Tickmill
cutt.ly/TickmillReal

CFD Broker - TradeNation
cutt.ly/GrTivmRC
Also on:

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.