NZDUSD : CLEAR HEAD & SHOULDERS PATTERN FORMING?
Hi traders!
As I looked through my charts this morning, NZDUSD spoke to me. I'm seeing a head and shoulder pattern forming on the daily time frame!
I'm torn though because I don't see the USD getting stronger but the NZD can make a case for itself to be a weak currency at the moment too. MACD is almost crossing and RSI bounced off the 50 line.
The RR is pretty awesome if this trade fall through, as the initial TP would be hit and I could let the price go down some more and just trail it.
NZDUSD SHORT :
ENTRY : 0.73199
SL : 0.73921
TP : 0.71117
For me, the 70 pips risk looks like it's worth it. It's a risky-er trade than the one I usually post but the analysis is on point.
Trade safe guys!
As I looked through my charts this morning, NZDUSD spoke to me. I'm seeing a head and shoulder pattern forming on the daily time frame!
I'm torn though because I don't see the USD getting stronger but the NZD can make a case for itself to be a weak currency at the moment too. MACD is almost crossing and RSI bounced off the 50 line.
The RR is pretty awesome if this trade fall through, as the initial TP would be hit and I could let the price go down some more and just trail it.
NZDUSD SHORT :
ENTRY : 0.73199
SL : 0.73921
TP : 0.71117
For me, the 70 pips risk looks like it's worth it. It's a risky-er trade than the one I usually post but the analysis is on point.
Trade safe guys!
Note
Oh yes it has started to drop!40 pips already!
Note
Up more than 120 pips!Patience is always key!
Transaction en cours
This pair didn't find the strength again to go under 0.72. I will move again my SL to cover more pips in profit. I'll put mine around 0.72574Trade fermée: ordre d’arrêt atteint
Touched SL by 2 pips! We covered around 70 pips in profit.Good job to everyone.
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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.