Trendhopper
Long

EURNZD - ALL TIME LOW

FX:EURNZD   Euro Fx/New Zealand Dollar
83 2 6
just retested downtrend line after breakout, I see a potential inverted head and shoulders ...huge upside potential...long term trade ...could run to as high as 2.12..


Go long at 1.512
SL 1.495
TP 1 1.67
TP 2 1.84
TP 3 2.12



Yes it does , and if you a very cautious trader you wait for confirmation , however we have other indicators in this instance that suggest the right shoulder is more likely than not
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dont H&S require a neckline that must be broken to confirm the pattern?
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