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DrLydia
Oct 5, 2020 11:06 PM

Buy $NZDUSD on a sustain break above .6555 Long

NZD/USDWH SelfInvest

Description

Hello Sophisticated Traders,

The pairs have been doing a bit of sideways action over the summer. This action can be expected as we head into US elections. However, the charts are showing a buy signal for NZDUSD on the 4hr and Daily chart for a potential test to the top of the range, If we have a sustained break and hold above .6550. However, if resistance hold then a sell for the bottom should be expected.

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Dr. Lydia Smith
Comments
milozee
I see head and shoulders on daily. .
DrLydia
@milozee, Thanks for commenting, do you see it forming the other shoulder? Would that be at .6700?
milozee
@DrLydia, yeah .6700.. A break above 0.6800 would negate it
milozee
H&S on weekly
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