Nzd/Usd - Short Study - A-

Looking for another few pips to the downside before consolidation and a testing of this weekly short term bull trend. if we break the neckline of the head and shoulders pattern we are in i am looking for another 40 pips or so. If we get a break of the last shoulder and head then i am looking for 1.618 fib of this weeks bull run for upside target. Hope it helps. Trade studies not investment advice, trade with caution

Note

Note

a look at dxy showing we might have a strong dollar next week if bottom holds, expecting consolidation and a try for the dollar to be a little bullsih

Note

another angle showing 4hr chart last two weeks, we are at a nice support zone almost to the dot. i will be watching to see what comes of this bottom

davistradingforex

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davistradingforex

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