malcolmlai
Short

NZD/USD Heads & Shoulders W1

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Looking at the weekly (and monthly) we notice a forming a possible Heads & Shoulders. Assuming the H&S forms with confirmation, we can prepare a long order after its completion of the pattern. As of now, I will be short on this one based on price action.

Do note on the fundamental side of things that the Dollar (U.S.) is weakening. Recent low GDP statements, rising COVID cases as well as high-unemployment are factors we should consider before executing a trade.

Do your own due diligence, don't take me word for word I'm only a newbie with a passion for trading!

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Order cancelled: PLEASE REFER TO THE POST AFTER THIS

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Please refer to the post after this as there was a small update
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