GBPNZD waiting for retest after BOS
Updated
head and shoulders on daily
price broke structure @ 1.9600 level
waiting for a retest around that price level which falls in golden fib level between 50 and 61.8% fib retracement level
stop loss placed slightly above the 78.6% fib retracement incase of a fake breakout @ golden fib lvl
tp1 @ 61.8% fib ext level
tp2 @ 1 fib ext level ---which completes the head and shoulder shape
price broke structure @ 1.9600 level
waiting for a retest around that price level which falls in golden fib level between 50 and 61.8% fib retracement level
stop loss placed slightly above the 78.6% fib retracement incase of a fake breakout @ golden fib lvl
tp1 @ 61.8% fib ext level
tp2 @ 1 fib ext level ---which completes the head and shoulder shape
Note
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