NZDUSD broke the initial downtrend structure channel , which is where we started looking for buying opportunities.
the pair then created a retracement move.
it then created a reversal head and shoulders pattern.
signalling a move to the the upside again.
the pair then created a retracement move.
it then created a reversal head and shoulders pattern.
signalling a move to the the upside again.
Note
on the 15 min time frame you can see the entry level we would be looking it. just above the neckline of the inverse head & shoulders pattern
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.
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.