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TradeChartPatternsLikeThePros

NZDJPY PRICE ACTION TRADING INV. HEAD AND SHOULDERS

Long
New Zealand Dollar / Japanese Yen (FOREXCOM:NZDJPY)  
TradeChartPatternsLikeThePros Updated   
FOREXCOM:NZDJPY   New Zealand Dollar / Japanese Yen
Chart Patterns Head and Shoulders headandhsoulders tradechartpatternslikethepros
13
4
chartpattern headandshoulders headandhsoulders tradechartpatternslikethepros
Hello Trader,

I hope you've had a successful trading week so far!

Let's have a closer look at NZD/JPY.

It's displaying a price action reversal pattern, specifically an inverse head and shoulders, on its hourly chart. Currently, the price is trading near the neckline breakout at 86.939.

Stops are set at the mid-right shoulder:
ST: 86.550

Target 1:
- 62%: 87.662
- 79%: 87.852

Target 2:
- 127%: 88.413
- 162%: 88.815

snapshot

All traders, if you find this idea valuable, please support with a like and follow for more insights!


Best wishes for your trades!
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