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Lm7ee

EURNZD SHORT SETUP HEAD & SHOULDERS

Short
Euro / New Zealand Dollar (FX:EURNZD)  
Lm7ee Updated   
FX:EURNZD   Euro / New Zealand Dollar
Head and Shoulders Support and Resistance Trend Lines Forex EUR NZD swingtrade tradeidea tradeideasanalysis Technical Analysis
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headandshoulders supportandresistance trendline forex eur nzd swingtrade tradeidea tradeideasanalysis technicalanalysis
Daily Ascending CTL (Counter-TrendLine) has been broken. As a reversal pattern we have got a Head & Shoulders formation on the Daily. I will be looking for a break and retest of the neckline (1.70350-1.7000) before going short.
Target 1: 1.67500
Target 2: 1.6500
Target 3: I will use my method to keep trailing stops using the Daily Time Frame until I get stopped out
Comment:
Trade closed: target reached:
+240 pips, 2nd position stopped out at 100 pips
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