TradingView
jimmy_highwire
Jun 2, 2016 6:23 AM

NU long term Short

New Zealand Dollar/U.S. DollarFXCM

Description

i hid all the short term trendlines on this chart to get a clearer view,
seems to me the last run from 0.62 to 0.68 could be a bear flag coming to an end as 0.6880 can be seen as a long term resistance level that has been pierced and failed recently

more to the left you could see the other side of a massive HnS, left shoulder from 0.48 to 0.76
top oh head at 0.88
if this is the right shoulder unable to surpass 0.688 there is a long term trade coming up soon enough

just my view
More