NZDUSD - Head and Shoulder and Rising Channel in Place

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

Head Over to Trade Revenue Pro to Learn How to Trade Forex Profitable Way.


I agree with your analysis

personally, I entered at 0.66905 with SL at around 0.67120+
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out