Mihai_Iacob

NzdUsd- Will it break resistance?

Long
FX:NZDUSD   Dollar Néo-Zélandais / Dollar Américain
Since the beginning of December, NzdUsd is trading in a range between 0.6750 and 0.6850.
Also, if we consider the spike down to 0.67 the head, we can argue an H&S pattern forming on our chart with the neckline at 0.6850
At this moment the pair is trading exactly in this resistance/neckline and, considering that the previous leg up from 0.6750 has impulse we can expect a break.
That being said, my preferred strategy is to buy dips and the target for bulls can be 0.7 important figure.
This scenario is negated by a dive under 0.6750

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.