Technician
Short

Short on head and shoulders completion

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
483 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

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nice one ! im trading the exact same set up
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Waiting for entry.Good luck.
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Why SL so high?
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Technician TOP JorgeEllena
50 pips is too high?
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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
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Technician TOP JorgeEllena
i thing breaking above 0.8300 would weaken the pattern, but a break above the right shoulder should invalidate it.
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JorgeEllena Technician
ok
Reply
Update closed at breakeven as price forms a pin bar on daily studies.

snapshot


AUD

snapshot
Reply
I closed both positions 2x5=10 pips profit.
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