lucas397

lucas397

very similar to EUR/NZD, failed to break clear of trend line, head and shoulders pattern. closed bellow neckline after failing to close above it. failed at multiple levels levels of resistance. a nice setup

lucas397

very nice looking setup, failed to break clear of 2015 trend line, also a double top. head and shoulders pattern now valid. it has now closed bellow the neckline for 2 consecutive days after failing to close above it today. also has closed bellow the 200 MA which has been holding well. A very nice setup.

lucas397 Updated 

looks of what could be a formation of a head and shoulders pattern. obviously it's not a valid head and shoulders pattern until it hits the neckline.

lucas397

not a bad idea

lucas397

defiantly a pair that needs to be watched for a potential breakout. favoring a break to the topside but there is a chance it could be to the downside as well. only time will tell, i will buy/sell the breakout.