Low risk high reward

after toucing triple top at 84.04, NZDJPY perform 2 days bearish, and rightnow still at confirmation of head ad shoulders pattern at smaller timeframe H1
a good position here at confirmation of Hns, and stoploss above right shoulders at 83.40 will bring a good risk reward ratio 1:9.62
Normal target at fibonaci 38.2 at support level, or at fibonacci 61.8 at 78.5.
If your target at fibonacci 618 support, Riskreward ratio : 1:16.29

note : this will be update analysis if my last analysis at same pair hit stoploss.

Open Short : 83.07
Stoploss : 83.40
Takeprofit : 80.71 or 78.78
Risk reward ratio :
1/9.62 for support level takeprofit
1/16.29 for fibonacci 618 takeprofit

Analyzed by. Dian kemala and Asassinusa2

Commentaire:

look at H1 analysis here :

Commentaire:

last barrier at major trendline, need to break at 1 or 2 day for next target at 80.71

Trade fermée manuellement:

close manual at +88pip
reversal pattern found