Joe_Keegan

HEAD AND SHOULDER NZDUSD

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD/USD IS displaying a large head and shoulders pattern on the daily chart . This trade at the moment is presenting an excellent risk reward of 1:4.5 should the market retrace slightly back to structure after selling off at the end of Friday. if market does not retrace and continues lower a strong 4 hour close below 0.70005 will also present an opportunity with slightly less of a risk reward but still very favourable. initial targets at 0.68500 2nd target at 0.66000