lawlee9
Short

NZDUSD Head and Shoulders

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
120 4 4
Touch off top of channel, so we should already be expecting a move down to the bottom of the channel. Possible head and shoulders developing here which would provide a good entry to short.
Went short @ 0.70794
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Is now qualified as a good entry?
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lawlee9 HanHarbin
I'm waiting until price comes up higher. We may see some movements of 50 pips up and down before it gets to the high point, but I wouldn't risk entering my short now unless it is a scalp.
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HanHarbin lawlee9
Sound.
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