traderWgun
Short

H&S pattern suggest more losses

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
275 6 1
Same as the triangle idea I posted over 2 weeks ago,
now it looks like a head and shoulders pattern.
Measured move would take us to .8000

look below for more charts
Looks like we are having a double right shoulder and now we should turn lower. Todays shooting star suggest bearish move
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I'm not so sure that buyers are already done...
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This may become a S-H-S-formation but isn't yet. It is range trading as almost everywhere now. I would go short if your "neckline" is broken only or at another test of the top. You divergence isn't clear enogh for my taste.
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nzdcad perfect shooting star and divergence
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bearish candle sticks on both 1w and 1m
suggesting a big bear move a head
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5 wave advance of a very extended wave C?
If wave 3 is overextended, then we can also
get a failed wave 5

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