Inverted head and shoulders chart patternInverted head and shoulders chart pattern on 2 hours time frame.
Chart-pattern-trade-technical-analysis
Eur Nzd ShortEur Nzd lost momentum going up. Buyers are taking Profit and sellers are coming in strongly.
Market already creating a broadening wedge.
enter on the retest of the short time frame supply area.
Take profit on the demand Zone
Monitoring Price Movement Patiently waiting for more downside movement for a rejection on the trendline for a upside to see new highs on BTC
Get on the board next GBP/NZD station is "Falling":(Part 4).Market is moving bearish 4H/1H.(Daily too)
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.88229 or 1.88880, then back to 1.85912.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and NZD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
IF you guys have any questions do comment.
