EURNZD H&S pattern and retest, 1:6 risk reward.
Updated
Here we see an idea for a SHORT trade position.
Previous 4h candles have shown strong rejections.
Head and Shoulders pattern has formed on the smaller time frames and a retest has been compeleted with confirmation.
Good luck to everyone who enters this trade! :)
I will keep you guys updated if anything changes.
TP: 1.67085
SL: 1.67969
FOLLOW ME for more similar ideas like this in the future!
LIKE this if you agree with this idea or you're taking this trade!
Previous 4h candles have shown strong rejections.
Head and Shoulders pattern has formed on the smaller time frames and a retest has been compeleted with confirmation.
Good luck to everyone who enters this trade! :)
I will keep you guys updated if anything changes.
TP: 1.67085
SL: 1.67969
FOLLOW ME for more similar ideas like this in the future!
LIKE this if you agree with this idea or you're taking this trade!
Note
Unfortunately it just hit our SL and rejected that price. I have opened another short position with SL at 1.68
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