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ASCENS10N

NZDUSD: Bearish scenario

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
ASCENS10N  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis
1
0
trendanalysis
Similar to AUDUSD, this pair has seen a formation of a head and shoulders pattern which has broken downwards strongly.

Price is now attempting to make a retracement upwards before the downtrend continuation.

Late to long, early to short scenario.

Wait for a retracement upwards before taking a short position

NZDUSD Short
Entry is valid as long as price is below 0.7120
SL: .0.7270
TP: 0.6760
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