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tomturner1752

NZDJPY - Short H1

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
tomturner1752  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Support and Resistance Fibonacci Head and Shoulders
2
0
supportandresistance fibonacci headandshoulders
Opportunity to short NZDJPY on the H1 timeframe. Head and shoulders pattern forming just above resistance area 72.230. Wait for pattern to become valid and break support level before selling. Potential profit targets could be 71.830 and 71.500. Stochasitcs are showing as overbought and RSI is reading 67%. Right shoulder of the head and shoulders pattern has retraced to fibonacci level 0.5.
Trade at your own risk.
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