P_Parker
Long

NZDCAD Long - SHS Neckline Break?

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
114 5 3
Looks like the Neckline of the SHS             Pattern is about to break.
I wait for the daily Candle to close above and a Retest at least in H4.

Will update this Post when Position is opened.

D1 Candle:
snapshot

Cheers
Parker
nice chart! but what do you think about rbnz cutting rates by wednesday?
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I dont go for Economic News and Fundamentals. I trade only technical Setups :-)
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Update: Dont wait for D1 Candle to close. H4 gives perfect Price Action. Pending Order activ!
snapshot
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P_Parker P_Parker
Stopped out - maybe Entry was too early....
Reply
SHS Pattern Worked! Price formed a falling Wedge with Breakout!
See if I can get in, hope there will be an deeper Retracement.
snapshot
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