we may have pullback in lower timeframes but in daily we can reach targets. just w8 :)
we can clearly see a head and shoulders pattern with a successful break break of 1.31484 we can go on a short trade
guys its simple price action : we need a pullback after a breakout. NZDUSD had a nice breakout last week and its time to slow down a little bit.i expect a pullback to one of the 2 mentioned zones. so you can go short with my analysis but if it passes the 0.65826 resistance zone the bullish scenario comes in.
we are in an up rend in 4h timeframe but we need a pullback to our lower trend line. when price hit our lower trend line we can expect buyers to come in and push the price all the way up to the upper trend line.