davistradingforex

Nzd/Usd Wedging Head & Shoulder

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Looks like price is making lower lows and lower highs wedging into the neckline of the head and shoulders pattern we are in. Looking for a break of the neck to signify the swing is in affect and will be thinking about shorts this week. If the last high/right shoulder is broken then we might test the head again and push through up to 1.618 fib of last weeks bull this week. Hope it helps, trade with caution. Trade study not investment advice


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