GBPNZD, Short on broken trendline, broken H&S neckline
Price has
1. Broken the blue upward trendline
2. Completed a H&S formation and broken below the H&S neckline once before. It retraced after that but couldn't rally back to the top of the right shoulder at least. Hence we will short to the next major support.
TP1 at Fibo level 50% at $1.9192 = 100 pips
TP2 at $1.8964
1. Broken the blue upward trendline
2. Completed a H&S formation and broken below the H&S neckline once before. It retraced after that but couldn't rally back to the top of the right shoulder at least. Hence we will short to the next major support.
TP1 at Fibo level 50% at $1.9192 = 100 pips
TP2 at $1.8964
Comment:
TP1 reached