Reversal pattern activated on NZD/USD
The Kiwi has recently triggered a Head and Shoulders pattern, breaking the neckline. The next setup would be after a retracement to the breaking level acting as a resistance zone.
From there we can look for opportunities to sell this pair.
From there we can look for opportunities to sell this pair.
Note
So far, the price is following the path we thought.Forming a new Lower High would confirm the trend reversal
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The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
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We Trade Forex - Come Join Us!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.