I am taking a long position in NZDUSD due to the formation of an inverse head and shoulder pattern as we saw in the chart it also broke the resistance trend line as well as break the neckline so we have confirmation of the pump equal to the length from the head to the neckline
The Head and shoulder is a reversal pattern so it can change the trend also from bullish to bearish after retesting the height as we expect it to touch
Let's see what happens
Entry: 0.63030
SL: 0.62629
TP: 0.63390
Lots: 0.4
The Head and shoulder is a reversal pattern so it can change the trend also from bullish to bearish after retesting the height as we expect it to touch
Let's see what happens
Entry: 0.63030
SL: 0.62629
TP: 0.63390
Lots: 0.4