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MrPresident

NZDUSD Head and Shoulder

New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
MrPresident  
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Chart Patterns Head and Shoulders
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chartpattern headandshoulders
NZDUSD Short
1) Entry on 4H
2) Trend on 1H is Bearish
3) Price action has been ranging for a short time
4) A Head and Shoulder has formed in the direction of a continuation.
5) A retracement is possible
6) TP is 75% of Neck to Head distance
7) 2 - 1% trades with TP at 1.2R and TP at 2+R
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