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Dannicada

NZDUSD: retest of "M" formation neckline

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Dannicada Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Fibonacci Head and Shoulders
1
0
supportandresistance fibonacci headandshoulders
Monthly:
- though we have a bearish bias on the monthly,
- looking to capitalize on the retracement before continuing downwards
snapshot


Weekly:
- weekly support
- "M" formation formed, on the weekly
snapshot

Daily:
- same with weekly, only clearer

4hr:
- Entry
- minor head and shoulder pattern to show reversal
- entry on retest,
- 0.382 fib confluence
Trade active
Trade closed: stop reached
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