RevenueTrader

NZDUSD - Head and Shoulder and Rising Channel in Place

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading Confluences
  • Price is at Daily Resistance Level
  • Head and Shoulder Pattern at the Daily Resistance indicate lack of Buying Pressure
  • A Rising Channel After a Strong Bullish Momentum Indicate that on-going Momentum is Fading
  • RSI Divergence

Trade Forecast
Consider Going Short if Price Break Below the Local Structure Level Marked In the Chart

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Comments

I agree with your analysis

personally, I entered at 0.66905 with SL at around 0.67120+
Reply
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