NZD/USD “Head & Shoulders”

 

We don’t need to fit every pattern to a textbook defined one

However, this type of formation breaks down nicely sometimes

 

Tonight, we have AUD Retail Sales on the Calendar. So, this pair may move. Let’s see.

 

Keep in mind on a longer time frame (this one is hourly) price can be consolidating a strong move up from a support area

 

nzd0508

One comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s