`Short at top of range
H&S at bottom of Range
Potential setup on H&S Retrace if it holds on neckline and long term bullish flag potential.
Retest Trendline, Divergence H1
Watching area to see any sign of strong bullish sentiment /rejection of trendline.
want to see breakout, retest trendline to short
If neckline breaks until channel retest
Will go long is condition is met
Looking at 50/61.8% Area to look for exhaustion
Looking to see failure in bullish momentum; entry below red line.
fib zone, resistance, possible H&S. Entry break on trendline.
Looking for short opportunity should area hold i.e. trendline, fib zone 61.8 and resistance.
Looking for continuation to SHORT NZD should it break rising Trendline
Looking to go long for possible completion of head and shoulders pattern
Overall scene: If price reaches resistance/fib 61.8; i am looking for a short. Looking for completion of H&S and break to go long to resistance level.
