Short opportunity with pattern, bias and TL confluence...
Hi guys we have a sell/short opportunity here in the NZDJPY. With a bearish Cypher Pattern setups. coming in with a potential bear shark. Stops just above the pattern X points. And target as of the following:
TP1: 77.77
TP2: 77.20
Take note of the presence of bearish Divergence too.
On the daily outlook:
TP1: 77.77
TP2: 77.20
Take note of the presence of bearish Divergence too.
On the daily outlook:
Commento:
Take note that there would be RBNZ Financial Stability Report this coming May 31 and expect for market volatility in the NZD.