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Nicemate
Jan 27, 2017 8:37 AM

NZDUSD in bearish H&S formation - ready for a short Short

New Zealand Dollar/U.S. DollarFXCM

Description

FX:NZDUSD seems to be ready for a downside, right at the long term trendline. Possible bearish H&S in formation, but it could also never reach the sell structure, as it has already broke a channel on the 1hr timeframe, and has formed a consequent flag
(it could start going from here)
Stop above "H", 1st target in the 0.6978 area.
Trade with care

Comment

Sorry: "H" meaning the high at 0.73122.
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