TheCaffeinatedTrader

Inverse Head and Shoulders Completed on NU

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
We saw strong bullish momentum after breaking the neckline of the Inverse head and shoulders pattern. We recently just broke an earlier swing low point at 0.683 - 0.6835 but price has slowed down at this point to test this level. We will see if we get confirmation on continuation for a bullish more. Also we still have clear confirmation on the EMA crossover signalling more longs to come. Monthly Fibonacci pivot point showing pivot directly inside the next resistance zone drawn on chart.

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