Nzd/Usd Down or Up ? If you know what's going on , decide
Hey Traders ,
I see H&S on H4 , Also i dont believe so much in patterns thats why we wait the confirmation .
If candle close below 0.68375 its signal that the trend may reversal .
On daily we see that the price fake out on the trend SMA 200 .
If the price close above this level we may enter on bullish bias .
We are waiting the price action to provide us the bias for the week ahead.
If the confirmation comes out i will SHORT nzd/usd for the targets that i mention on the chart.
Trade with care.
Thanks for the reading . Feedback its important.
Have a profitable week.
I see H&S on H4 , Also i dont believe so much in patterns thats why we wait the confirmation .
If candle close below 0.68375 its signal that the trend may reversal .
On daily we see that the price fake out on the trend SMA 200 .
If the price close above this level we may enter on bullish bias .
We are waiting the price action to provide us the bias for the week ahead.
If the confirmation comes out i will SHORT nzd/usd for the targets that i mention on the chart.
Trade with care.
Thanks for the reading . Feedback its important.
Have a profitable week.
Comment:
Maybe the pattern dismissed by the strong bull run , we wait to see