Possible H&S NZDJPY

Possible H&S here. I'll watch will the price confirm that H&S, in the next few hours. Breaking the level of 83.000 will not be only a confirmation of the H&S will be also a break of two other supports. The up channel and 200 EMA.

TP1 82,366
TP2 82,034

Trade with care and good luck everyone!

Kommentera:

Another reason for the expected move down is the bearish divergence on a day graphic, together with a strong resistance area form the end of the previous year and beginning of this one, when was formed a double top.
23,6 fib retracement level is the target of the H&S, so it's another reason that confirm the level as a possible retracement.
s3.amazonaws.com/tra...shots/q/Qb3LdsYz.png

Kommentera:

H&S in play
s3.amazonaws.com/tra...shots/w/WzSN8M67.png

Kommentera:

TP1 reached

Trade stängt: målet nått