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Head & Shoulder pattern for buy NZDUSD
New Zealand Dollar / U.S. Dollar
Long
Head & Shoulder pattern for buy NZDUSD
By abasmsd
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Updated
Sep 17, 2018
2
Sep 16, 2018
Signal to buy NZDUSD
1. Head and Shoulder pattern
2. Fibo 61.8% of last bullish wave
3. Support level at 0.6542-0.6530
Buy = 0.6538 - 0.6523
SL = 0.652
TP1 = 0.659
TP2 = 0.663
Sep 17, 2018
Trade closed: target reached
First target achieved.
I closed half of my position and make risk free rest of them for second target.
Sep 17, 2018
Note
First target hit and now we have another chance to buy
Sep 20, 2018
Trade closed: target reached
Second target reached. Now I wait for another situation to buy on the pullback to broken bearish trend line.
Profit of this trade = +100 pips
Fibonacci Retracement
NZDUSD
Trend Analysis
abasmsd
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