fxpays

HEAD AND SHOULDERS ON NZDCHF!!

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Hey traders,

This week I am currently looking at a potential sell on NZDCHF , as you can see from my chart, we are looking at a Head and Shoulders pattern. Before I do enter a sell position, I will be looking for a break of support which I have marked with a white horizontal line. You may be wish to enter when the 4 hour candle has closed below support or you can enter a short on a break and retest.

As always if you do wish to use this idea, PLEASE ENTER AT YOUR OWN RISK!!

PLEASE FEEL FREE TO GIVE THIS IDEA A LIKE AND ALSO FOLLOW AS IT IS MUCH APPRECIATED!!

STAY SAFE AND HAPPY TRADING.

Comments

Nice, and yes I see that on eurnzd, hopefully we make some profits this weekπŸ™πŸΌ
+1 Reply
@fxpays looks like the Markets are creating some good patterns and some great set ups πŸ‘ŠπŸ» I hope you smash it πŸ™πŸ»πŸ“‰πŸ“ˆ
Reply
fxpays HonestFXTA
@HonestFXTA, ye this week looks like it could be a good week, good luck bro
+1 Reply
thanks mate πŸ‘ŠπŸ»
Reply
I'm short on this for the week, waiting for the retracement up to the 61.8% level from the swing high of the head to the swing low of the neckline!

if you go over to the EURNZD you will see a inverse head and shoulders πŸ˜‰ two for the price of one through correlation
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