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JaredJJohnson
Dec 7, 2016 7:09 PM

big head and shoulders hopefully to resume- 150 pips to start Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZD has been reluctant to move lower but it might finally be ready if we get confirmation here

The details:

short below ascending trend line

stops above recent highs

target lows of 0.6970 area and ultimately 6740 area

Comment

Remember the trend line was the entry area, it broke above highs before it broke below the trend line, I didn't take an entry but I'm still interested in shorting at a trend line break lower.
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