We looking for a possible buy on NZD after the break out from the descending trend line Then retest on previous trend as a support for an uptrend.
Head and shoulders ni cely forming on the 4H chart.
Interesting moves today, Completion of the head and shoulders on the 1hr TF. Price has not test resistance multiple x and failed. IF you execute this trade place your SL carefully and wait for price action to its part. Potential Target 100pips (Safe target).
Medium Term View: Bearish leaning against the 1.3500/1.3600 resistance region. A break below 1.3020 opens up a move lower towards the 1.2000 support. Short Term View: GBPUSD is edging into a band of resistance 1.3350/1.3450 that needs to stall GBPUSD’s advance for our bearish “abc” set-up to remain valid. Rejection from this region combined with a decline...