FX:GBPNZD   British Pound/New Zealand Dollar
137 1 3
Well i can see price formed a inverted head & shoulder pattern, tricky thing to spot :p.....Interesting part is that we were trading above this inverted head and shoulder neckline in previous week before NZD interest rate Cut....So, it was a buy :p....Still a buy upto 2.3000 that is the main expected reversal point in my view....Later we will retest that 2.1000 Support neckline again, if it fails to break in future like in 2016, than price should swing to upside going to 2.4000 again around in 2017 :).
coondawg71 PRO
2 years ago
Hit your target well in advance, good eye!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out