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Mihai_Iacob

NzdUsd- Great R:R trade

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Mihai_Iacob  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD nzdusdshort nzdusdtrade nzdusdanalysis nzdusdsell nzdusdforecast nzdusdidea nzdusdsignal nzdusdsetup
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trendanalysis chartpattern indicator nzdusd nzdusdshort nzdusdtrade nzdusdanalysis nzdusdsell nzdusdforecast nzdusdidea nzdusdsignal nzdusdsetup
After breaking the neck-line of something resembling a H&S, NzdUsd has dropped to 0.6950 zone and now is in a correction phase.
I expect gains to be very well capped just before the strong ceiling of 0.71 and bears can have a very good R:R trade if they target 0.68 support
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