NZD USD - 4 Hourly Chart
Updated
The pair has broken out of the Head & Shoulders Pattern on 4 Hourly chart and the price action is showing difficulties in rising again. Aggressive traders can go Short on this one immediately. Conservative traders, can look for complete retest to neckline and price action before initiating the Short Position.
Note
Booked partial profits on the same. Trailed stops to breakeven on remaining positions and now playing with the trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.