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abasmsd
Sep 16, 2018 6:13 PM

Head & Shoulder pattern for buy NZDUSD Long

New Zealand Dollar/U.S. DollarFXCM

Description

Signal to buy NZDUSD
1. Head and Shoulder pattern
2. Fibo 61.8% of last bullish wave
3. Support level at 0.6542-0.6530


Buy = 0.6538 - 0.6523
SL = 0.652
TP1 = 0.659
TP2 = 0.663

Trade closed: target reached

First target achieved.
I closed half of my position and make risk free rest of them for second target.

Comment

First target hit and now we have another chance to buy

Trade closed: target reached

Second target reached. Now I wait for another situation to buy on the pullback to broken bearish trend line.

Profit of this trade = +100 pips

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