GBP/NZD Made Clear Reversal Pattern,Short Setup To Get 150 Pips

Jan 15

Here is my 4H Chart On GBP/NZD , The price creating a very clear reversal pattern ( Head & Shoulders pattern ) and the price made a very good Bearish price action now ,But until now we have not a clear closure below our neckline to confirm the pattern , so we should wait for clear closure with 4h Candle at least below the neckline to can get a confirmation and enter a sell trade and in this case we can targeting from 100 to 200 pips cuz the high for the pattern not more than 150 pips , and if we have not a closure below the neckline this idea will not be valid anymore .

Reasons To Enter :

1- Perfect Touch For The Area .
2- Clear Bearish Price Action .
3- Bigger T.F Giving Good Bearish P.A .
4- Clear Reversal Pattern .

Jan 16

Trade closed: target reached