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LewisGlasgow
Nov 18, 2016 1:39 PM

NZD/USD - Breakout Short

New Zealand Dollar/U.S. DollarFXCM

Description

November has been a HUGE month for me and all of my students... Today we have an amazing long term setup forming on a Daily chart for NZD/USD. Straight away this could be an selling opportunity depending on the entry point to get into this change in trend.

I'll be looking for opportunities on the lower timeframes in the near future. To round off we are currently trading below the 200 EMA which is an indication price could be pushing lower and we formed a valid head and shoulders pattern!

Let's see how the market shapes up over the next month, if you have any additional analysis feel free to leave it below.
Comments
Chris_P23


I'm with ya mate
LewisGlasgow
@Chris_Parekkaden, analysis is looking good Chris, spotted the head and shoulder too!
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