TradingView
pete002
May 13, 2015 5:35 AM

GBPNZD - Potential H&S Idea Short

British Pound/New Zealand DollarFXCM

Description

Potential top of trend [u]H&S reversal pattern[/u] in the making iff we form the RHS and we break & close below the neckline as shown.

The potential measured move on completion of the pattern would put price back at the 2.0850 - 2.0900 area.

Good luck if you take the trade if the opportunity presents itself.

edit: Pattern complete, target met.
More