The NZDJPY currency pair has recently approached a significant resistance zone, where it underwent a false breakout. Notably, the pair formed a bearish head and shoulders pattern, further suggesting a potential shift towards a bearish market. This bearish indication was confirmed by the subsequent formation of a lower low and a lower high, thereby reinforcing the hypothesis of a sell strategy.
Please, don't follow my signal blindly, trade based on your own risk.
Comment:
Target reached