NZD/USD “Head & Shoulders” Review

 

Ended up moving lower by at least 30 pips, probably due to the poor data for AUD. It’s good to try to see the big picture, though many technical traders wouldn’t be concerned with fundamentals, and may have traded the break of one of the next 3 candles (see prior post). Everyone develops their own style.

If one chose to go long, if the price in fact started moving higher, where would your stop loss be?

 

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