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Carnelltrade

NZD/USD update... head and shoulder formation

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Carnelltrade Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD
3
0
nzdusd
Expecting the right shoulder to move a little higher to test the 386 res. before a breakdown to around the 200 level or below. Very interesting pair at the moment.
Comment:
here we have the initial head and shoulder move which i feel is a HS within a larger HS pattern that is forming. Outlook remains bearish.
Comment:
Trade closed just before the anticipated upwards move 200 + pips waiting a fib correction with bearish bias still very much apparent
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