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nonobeijing
Mar 16, 2015 2:39 PM

Bullish inverted Head and Shoulders Long

Australian Dollar/New Zealand DollarFXCM

Description

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).
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