FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Today, we have a Bearish 5-0 pattern on the NZD/USD             4h chart. I never trade solely off Head and Shoulders patterns, but they are good for further confirmation.

Depending on when the D point hits, I have given both options for the C measurement on the graph.
They are differentiated by color:
Green = C:1.618
Blue = C:2.24

Also, I have high lighted in red where the price jumped due to the Presidential Election yesterday...
I am making a personal decision not to include that in the Right Shoulder or 5-0...it seemed to just be a hiccup in the market.

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
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Christopher D. Schultheis,
Six Figure Capital
Ideas Scripts Chart
United States
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