completed head and shoulder pattern on a daily t.f

14 בפבר׳ 2019

hey guys,

pound new zealand pair has recently violated a bullish trend.

the higher low 1.865 was violated 30th of November.

from october to december 2018 we saw a sharp movement downwards.
when the market approached 1,82 level we saw a pullback.

now the formation of a head and shoulders pattern leave us clues that the with high probability we will see a bearish continuation.
Be patient and wait until the market closes below structure.

then you are free to sell.

your initial target is based on the market low.

stop above right shoulder.

good luck!