Short idea
Well as you can see the price was very bullish until it broke oout the trendline.
After the breakout the price made a retest ,and forming a head and shoulders pattern.
It has just touch 0.72320 which is a really strong level ,and made people to sell nzd/usd.
I think the price will fall until it touches the 200EMA.
I go short:
SL:0.72300
TP: about at 0.71000
Thoughts?
After the breakout the price made a retest ,and forming a head and shoulders pattern.
It has just touch 0.72320 which is a really strong level ,and made people to sell nzd/usd.
I think the price will fall until it touches the 200EMA.
I go short:
SL:0.72300
TP: about at 0.71000
Thoughts?
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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.
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.