nonobeijing

Bullish inverted Head and Shoulders

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Neat downtrend.
Inverted H&S (please if you disagree let me know).
RSI and CVI (Cumulative Volume Index) both high at Head's peak and low on right shoulders:
Note: Since there is no volume, I looked at the CVI, but I don't know anything about it....:(

The target (1.077) converges with the top of the downtrend (resistance).
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.