NZDJPY: Short Trade Explained 🇳🇿🇯🇵

2023年1月24日

Here on NZDJPY pair, I spotted a perfect example of a top-down confirmation trade.

Approaching a key level, the price formed a head & shoulders pattern on 1H time frame.
Its neckline was broken, and the candle closed below that.

We can go short from a broken neckline.
Goals: 84.09 / 83.73

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