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MartijnvGameren

NZDUSD: Structure based short

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
MartijnvGameren Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Head and Shoulders NZDUSD short shortsetup
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headandshoulders nzdusd short shortsetup
This pair formed an H&S pattern, broke the neckline and had an impulsive to the downside. Now it is back again at the 0.7200 even handle, where the neckline was. Giving the previous support (now resistance) at this level and the RSI going overbought I am SHORT on the NZDUSD.
Comment:
Closed 1/3 of my positions. SL for the rest of the positions on BE.
Already 85 pips profit!!!
Comment:
Closed the rest of my positions at breakeven. Overall a profitable trade, too bad it didn't reach 0.705

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