mcpeacocks
Short

NU short on H&S and overbought RSI

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
there appears to forming a head and shoulders pattern on NU. Also RSI and Stoch seem overbought.
Weekly chart showed a bearish pin two weeks ago, and price is now at 50% retracement of last major swing down.
All in all, this seems a nice opportunity to short NU. although there is the obvious risk of FOMC ahead, so small trade size...
TP1 a the neckline, TP2 at 1.618 extension

just my idea, appreciate feedback and or constructive criticism
good luck
Trade active: TP1 hit
120 pips in the pocket. Stops to BE
Trade active: neckline finally broken. pulled stops to just above 0.72 and letting this ride
Comment: TP2 hit and passed. letting this run at trailing stop
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out