NZDUSD - Trend Line Analysis.

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jun 21, 2014 5:30 PM

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.

Comments

Sam0101

⋅ Jun 25, 2014 12:40 PM

Hi NZD looks strong, will it be reaching 87.998?

PatrickT91

⋅ Jun 21, 2014 9:56 PM

I agree... Fundamentals of the megaphone top. "No stable supports."

EliteTrader101

⋅ Jun 21, 2014 8:00 PM

Thanks for highlighting these levels, I'll look to short on a test of the break a little higher up