NZDUSD Potential Head and Shoulder Formation (inverse)
High Probability trade on NZDUSD if you are following the candle formation.
Most likely to form a Head and Shoulder formation. (inverse) and it is a bullish reversal. on Weekly and Daily.
See the chart for details price.
My chart is blank and only draw the H&S formation, no Support, and Resistance or Supply Demand. But I think you guys already know.
Snipe Entry at 0.64800 - 64900
Averaging at 0.64300 - 64400
I'm not entry any trade on NZDUSD at the moment, will make a decision next week, either Buy Limit or buy right away.
Good Luck!
Follow my twitter: @Sacjhifx
Most likely to form a Head and Shoulder formation. (inverse) and it is a bullish reversal. on Weekly and Daily.
See the chart for details price.
My chart is blank and only draw the H&S formation, no Support, and Resistance or Supply Demand. But I think you guys already know.
Snipe Entry at 0.64800 - 64900
Averaging at 0.64300 - 64400
I'm not entry any trade on NZDUSD at the moment, will make a decision next week, either Buy Limit or buy right away.
Good Luck!
Follow my twitter: @Sacjhifx
Comment:
NZDUSD break under 0.64000 on Monday, I think that move was the big fishes trying to catch the small fishes (active buyer). Head and Shoulder still in play, take a look today candle and closing. This is also my learning process that weekly chart means wide on spread on SL also TP. and Equity must be ready with money management wise. I opened 2 entry on my other account last week and hit SL, I'm not sharing it at my tradingview account if it's not high probability and long trade. Weekly chart fit for a positional trader, I think. Let me know you thoughts below.