NZDJPY (short)

Trade Analysis

Reason For Entry:
- 4H head & Shoulders
- Bounce & continuation of 1H descending trend line
- 61.8 Fib retracement
- Bounce off of 1H resistance
- Shorted on top of right shoulder on H&S pattern 1H

Reason For Stop-loss:
- Above 1H descending trend lien
- Above strong resistance 1H & 4H

Reason For Target:
- 4H lows