NZD/USD update... head and shoulder formation
Expecting the right shoulder to move a little higher to test the 386 res. before a breakdown to around the 200 level or below. Very interesting pair at the moment.
Note
here we have the initial head and shoulder move which i feel is a HS within a larger HS pattern that is forming. Outlook remains bearish.Note
Trade closed just before the anticipated upwards move 200 + pips waiting a fib correction with bearish bias still very much apparent
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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.