Technician
Short

Short on head and shoulders completion

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
485 9 9
Update: closed at breakeven as price forms a pin bar on daily studies.

Short on the retest of a the broken neckline of a head and shoulders top. Recent pin bar also hints renewed downside pressure. Stop loss just above the right shoulder of the pattern.

**12 trades to 100 trades

https://twitter.com/thefxchannel
thefxchannel.com

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
I closed both positions 2x5=10 pips profit.
Reply
Update closed at breakeven as price forms a pin bar on daily studies.

snapshot


AUD

snapshot
Reply
Why SL so high?
Reply
Technician TOP JorgeEllena
50 pips is too high?
Reply
JorgeEllena Technician
I mean, this way the risk reward ratio is not very atractive plus if the price climb near the right shoulder, does the pattern still being valid? I am learning so please tell me your thoughts, ty
Reply
Technician TOP JorgeEllena
i thing breaking above 0.8300 would weaken the pattern, but a break above the right shoulder should invalidate it.
Reply
JorgeEllena Technician
ok
Reply
Waiting for entry.Good luck.
Reply
nice one ! im trading the exact same set up
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out