traderWgun

possible head and shoulders

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
223 4 1
Several signs that we may have topped. A possible head and shoulders , 200WMA, 76.4fib and hidden divergence.
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I see a divergence in the daily chart that may take us to the previous top again forming a double top perhaps. I don't trust in the 200 WMA. It was broken easyly in the past more than forming a resistance.
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Nice hidden divergence... I agree with you.
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Nice hidden divergence... I agree with you.
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after 5 waves up we should atleast see 3 waves down
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