justatrader

NZDUSD - Trend Line Analysis.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Notes on chart.

Trade Plan:
Sell on break of 0.86784, targeting 0.8535

OR

Wait for support to be established at 0.85 region to prepare to take a long position on confirmation of an inverted head & shouldesr pattern.
Hi NZD looks strong, will it be reaching 87.998?
Reply
I agree... Fundamentals of the megaphone top. "No stable supports."
Reply
Thanks for highlighting these levels, I'll look to short on a test of the break a little higher up
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