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H4 NZDCAD looking to breakout below Head and Shoulders pattern
NZD/CAD
Short
H4 NZDCAD looking to breakout below Head and Shoulders pattern
By JayStieren
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Apr 27, 2021
8
Apr 27, 2021
An idea to sell NZDCAD on H4 as price may break the neckline of the head & shoulders (H&S) pattern.
In this case, a sell looks a good prospect of success.
This is how I would go about things, you might want to do things slightly differently.
S.L. = 0.89589
Entry = 0.89324
Take Profit = 0.88400
Reward/Risk is 3.69/1
Good luck!
breakouttrading
Chart Patterns
Chart patterns
Harmonic Patterns
Head and Shoulders
Trend Analysis
JayStieren
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