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hassamsaeed

GOING LONG IN NZDUSD

Long
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
hassamsaeed  
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Trend Lines Head and Shoulders Trend Line Break Inverse Head and Shoulders dowtheory
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trendanalysis trendline headandshoulders trendlinebreak inverseheadandshoulders dowtheory
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
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