Looking at the structure of the NZDUSD 240min chart what we may see is that price developed a triple top pattern and already a moveto the down has started. In case you didn't join earlier, just wait for a pullback at the resistance zone and sell from a higher level. As for profit targets we may aim for levels based on structureas shown in the chart. At around 0.72540 we will have a reverse head n shoulders pattern completion which we may trade for a long position. In conclusion NZDUSD may give us very profit in the upcoming week if thing unfold as planned..
Have a nice trading week. Trade safe using hard stops..!
Since h4 trendline broke to the upside a couple of days ago and we see on the weekly a nice doji which closed above 38.2% fib retracement I would favor the upside for this pair.
Since h4 trendline broke to the upside a couple of days ago and we see on the weekly a nice doji which closed above 38.2% fib retracement I would favor the upside for this pair.
Cheers
Jesse