head and shoulders & short term downtrend
Updated
chart pattern:head and shoulder in a top level of NZDUSD is going to be complete.
trend analyze : the mid-term uptrend has been broken and retested and short-term downtrend has been shaped .
moving average: price is just bellow EMA 50
if you want less risk you can wait to complete the head and shoulders and to see price bellow the S/R zone of 0.653.
trend analyze : the mid-term uptrend has been broken and retested and short-term downtrend has been shaped .
moving average: price is just bellow EMA 50
if you want less risk you can wait to complete the head and shoulders and to see price bellow the S/R zone of 0.653.
Trade active
all prices is under news effect today. but this idea is valid yet and it couldn't touch the last swing high. it SL has not activated yet and we must wait for tonight closing .Trade closed: stop reached
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