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cryptdee

NZDUSD, Short on price action

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
cryptdee Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Trend Lines Head and Shoulders
6
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supportandresistance trendline headandshoulders
NZDUSD price action has broken the purple tredline and heading towards a strong support level.
It also appears to be forming the right shoulder of a H&S pattern with a trendline at another major support level

Sell now and take profit at the First TP shown in the graph.

There will be retracements along the way until the trendline
Comment:
I was clearly sleepy so didn't complete my statement above.
There will be retracements along the way until we hit the 2nd and 3rd take profits
Comment:
tp 1 reached.

look out for a retracement.
Comment:
nice fall heading to TP2
Comment:
nice fall heading to TP3
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