NZDCAD Inverted Head & Shoulder Pattern
Hi Traders
Price has formed an inverted Head & Shoulder pattern on the 4H TF,price has broken the neckiline what is expected is follow through of price to head higher,price has managed to close above the 25 & 50 EMA, TP is projected slightly below the previous high my SL is below the 78.6 fib retracement & below the right shoulder.
Price has formed an inverted Head & Shoulder pattern on the 4H TF,price has broken the neckiline what is expected is follow through of price to head higher,price has managed to close above the 25 & 50 EMA, TP is projected slightly below the previous high my SL is below the 78.6 fib retracement & below the right shoulder.
Trade closed: stop reached