Hi guys, here it's an Head&Shoulders pattern on NZDJPY. I'm very interested on this cross because i think we have a nice rally ahead. On the daily price has formed 3 consecutive candles with buying pressure and we also have a divergence on the RSI. I patiently waited for a break of structure as a confirmation and that happened today. Now there are two levels where i'm going to pay attention to: previous resistance and previous support. If price will give us a weakness sign i will be buying this.
If you have any question or you want to share your thoughts about this, feel free to comment below. Otherwise, see you in the next chart!
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Daily Outlook:
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Limit order:
Сделка активна
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Сделка закрыта: достигнута тейк-профит цена
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Stop moved to break even:
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Hey guys, that's what i would do for the second position: i'm going to heed the first level but hopefully i think we can reach the second structure that could give us a nicer risk to reward ratio. Let's wait and see.