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Adam_hazouri

NZDUSD /Chart Pattern/ Price Action/

Short
New Zealand Dollar / U.S. Dollar (FX_IDC:NZDUSD)  
Adam_hazouri Updated   
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Lines Chart Patterns Head and Shoulders
2
0
trendline chartpattern headandshoulders
The price formed /Head&Shoulder/ pattern, and broke down the neckline at /0.71611/ and it also broke the uptrend line. The Price is retesting the resistance now and most likely to continue down.
The Target level is at /0.70230/.
Comment:
The price broke through the resistance at /0.71611/ and going up.
The trade is still on unless the price broke the shoulder level resistance at /0.72400/ and close above it.

snapshot
Comment:
I closed the trade with a 76 points loss.
The long trade is active now.
snapshot
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