Head and Shoulder Formation. Wait for confirmation from the current candlestick if it closes bullish, that gives us confirmation of trend continuation (3 white soldiers) Again, there's a trend line breakout right there. We go LONG Reason : Trendline breakout : 3 white solders (trend continuation) : Head and Shoulder pattern. SL...
I'm looking for short positions, because of the formation of the right shoulder of the head and shoulder pattern , and the M = formation right there (The double top) gives us an insight of sell opportunities.
I am expecting a bearish trend, short position on NZDUSD, because of the formation of the head and shoulder pattern, the price is within the range, price failed to break the resistance level at 0.66490. This then give us an insight of the reversal...
I'm expecting a long position here, after seeing the pin bar showing the rejection of lower pricing at support levels that significantly shows reversal insight.