Nzdsetup
NZDSEK FORMING INVERSE HEAD AND SHOULDERS?Looks like market was forming a down channel and has already broken out but expecting some more upside to follow.
Also, with this down channel we see an inverse head and shoulders within which in-turn should breakout to the upside and therefore more upside to be expected with both patterns observed.
Yellow horizontal lines indicate target zones for more upside.
HELPFUL VIDEOS TO TEACH YOU:
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www.youtube.com (follow through to part 4)
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
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NZDUSD 1:2.7! Crazy SetupNZDUSD currently at a support area. The market low is higher than previous market low, shape a higher high higher low , which states that buyers are more than sellers.
TP @ 0.7100
SL @ 0.6920
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