FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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Hi! I would like to share my idea with you related to NZDUSD             . I can be wrong but i don't see big potential for continuation down with good RR. We see that formed new chanel, old one broke down. As you know, in such case best selling opportunity will be from top of the chanel.

Brake of red line will invalidate idea.
Comment: How many trades were selling this H&S while someone was building his positions? :D
If you will plot on the chart 200 ema and 200 sma, you see that now very tricky situation. Price stuck between 2 lines, like between 2 types of people - who use 200 sma and who use 200 ema ;D
It will be better to see who won and after make a decision.
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Very valid however be weary of the H&S breaking down. Taking out the swing lows at 0.6950 area could accelerate the move lower. Trade them well
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