Hi traders,
On this NZDJPY we have a potential AB=CD pattern completing, combined with some fibs. We also have a potential head and shoulder pattern forming at this point. We also see that the right shoulder took a lot longer to form, compared to the left shoulder and the head. In other words: we made a new lower low.
Entry: 82.818
Stop: 83.154
Target: 82.092 = R:RR 2.16
Good luck traders!
On this NZDJPY we have a potential AB=CD pattern completing, combined with some fibs. We also have a potential head and shoulder pattern forming at this point. We also see that the right shoulder took a lot longer to form, compared to the left shoulder and the head. In other words: we made a new lower low.
Entry: 82.818
Stop: 83.154
Target: 82.092 = R:RR 2.16
Good luck traders!
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