I took this trade on NZD because it was forming an Inverted Head & Shoulders on the 1H timeframe.

NZD has also been selling off for a long time and has been consolidating.

Trading this up to at least the 50% retracement because it is the next form of resistance.

Entry: 0.67270
S/L: 15 pips
T/P : 50 pips
NZDUSDTrend Analysis

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