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NZDJPY W2: 600 pips SWING / SHORT IT / IHS (NEW)

שורט
FX:NZDJPY   דולר ניו זילנד / יין יפני
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NZDJPY W2: 600 pips SWING / SHORT IT / IHS (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect 600 pips
correction soon once we hit the neckline.


🔸 Summary and potential trade setup
::: NZDJPY 2weeks/candle chart review
::: ugly technicals and bad fundies
::: updated revised outlook
::: maxed out / rejected at neckline
::: 600 pips downside remains
::: short sell any rips/rallies
::: 73.00/73.10 BEST SHORT
::: Right shoulder at 67.00
::: Dollar losses overextended now
::: Inverted H&S setup
::: 73.00/73.10 neckline of IHS setups
::: strong downside next few months
::: TP BEARS is +600 pips
::: Recommended strategy: SHORT IT / SHORT RIPS
::: SWING trade setup / no fast results here
::: big moves in FX next few months
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/LIMITED UPSIDE
::: Sentiment outlook mid-term: BEARS/REVERSAL

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