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c_cap11
Sep 17, 2019 12:35 PM

EURNZD - Daily - Head & Shoulders? Short

Euro Fx/New Zealand DollarFXCM

Description

It seems the Head & Shoulders pattern is forming in the daily TF.
Besides RSI shows a downtrend meaning the strength of the uptrend is weak.
Lower Volumes when forming the right shoulder, with respect to the previous ones, will be the confirmation of the pattern.
Possible entry after the Breakout of the neckline @1.71
SL @1.7160 given from the 4H TF analysis
TP @1.6545
R/R 8.8
Comments
transparent-fx
here is the markup I have at the moment on eurnzd
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