💱 NZDUSD - Head and shoulders. Bear potential
NZDUSD is forming a false breakout and reversal pattern. There is an opportunity for a decline to 0.59000
TA on high timeframe:
1) False breakout of global range resistance
2) The market considers liquidity in the area of 0.59600 as a target
TA on low timeframe:
1) A false breakdown in the "head and shoulders" format is formed
2) Price starts realization of the pattern after breaking its base
3) I am waiting for a fall to 0.5985 and 0.59600.
Key support📉: 0.5985
Key resistance📈: 0.60000
TA on high timeframe:
1) False breakout of global range resistance
2) The market considers liquidity in the area of 0.59600 as a target
TA on low timeframe:
1) A false breakdown in the "head and shoulders" format is formed
2) Price starts realization of the pattern after breaking its base
3) I am waiting for a fall to 0.5985 and 0.59600.
Key support📉: 0.5985
Key resistance📈: 0.60000
❤️ Telegram channel: t.me/AndeWave
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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.
❤️ Telegram channel: t.me/AndeWave
Related publications
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.