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forexfutures
Nov 6, 2019 6:03 AM

NZD USD - 4 Hourly Chart Short

New Zealand Dollar/U.S. DollarFXCM

Description

The pair has broken out of the Head & Shoulders Pattern on 4 Hourly chart and the price action is showing difficulties in rising again. Aggressive traders can go Short on this one immediately. Conservative traders, can look for complete retest to neckline and price action before initiating the Short Position.

Comment

Booked partial profits on the same. Trailed stops to breakeven on remaining positions and now playing with the trend.
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