local head and shoulders pattern

hey traders,

on euro nzd we see that the market retests a decent level of structure 1.693.
formation of a head and shoulders pattern leaves us clues that bulls are exhausted and
bearish violation of the neckline will trigger selling reaction to market's local support.

you stop is above head and target around 1.68

good luck!

Comment:

bounce from neckline

Trade closed: target reached