Continuing buy on NZDUSD
Ideal entry would have been at the completion of the head and shoulders pattern.
Price will make some downside before continuing to buy - stoch is overbought on multiple time frames.
Previous resistance level at 0.64450 which is inline with profits from head and shoulders pattern.
SUGGESTED TRADE
ENTRY 0.63800
TP 0.64350
Price will make some downside before continuing to buy - stoch is overbought on multiple time frames.
Previous resistance level at 0.64450 which is inline with profits from head and shoulders pattern.
SUGGESTED TRADE
ENTRY 0.63800
TP 0.64350
Note
Downside looks to be complete as it has retouched the neckline. Head and shoulders pattern still valid.
Note
Trade completed. TP hit.
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