Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
As per my last analysis, we know that NZDJPY is around a resistance zone so we will be looking for sell setups.
on H4: Right Chart
USDJPY is forming a head and shoulders pattern but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, NZDJPY can still trade trade or even break the resistance zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
As per my last analysis, we know that NZDJPY is around a resistance zone so we will be looking for sell setups.
on H4: Right Chart
USDJPY is forming a head and shoulders pattern but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, NZDJPY can still trade trade or even break the resistance zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal