Punisher3

NZDUSD HEAD & SHOULDER!!

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD is forming a clear head and Shoulder pattern,
on the 4hr & daily timeframes prices is at the bottom of an uptrend,
also on the daily price is currently sitting on a area of support which provides 2 daily bullish signs of a move up,
i will wait to see of the H&S pattern is valid then place a buy to the next area of S&R,

Please let me know what you think of this idea!

Comments

quite interesting pair to follow nzdusd, my view
Reply
Nice chart! I also have a long position running with stops just below the recent lows. If I get stopped out im looking to be a buyer in the areas highlighted on this chart with very tight.
Reply
MikulovicFOREX MikulovicFOREX
@MikulovicFOREX, tight stops** heres the chart:
Reply
Punisher3 MikulovicFOREX
@MikulovicFOREX, nice chart here too, looks to be forming a cup and handle formation, I'm with you on this trade!
Reply
@Punisher3, I agree, take a look at this analysis. I have been waiting a whole month for this trade!
+1 Reply
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