NZDUSD Pullback in Play – Head & Shoulders Signals More Downside
NZDUSD(
NZDUSD) is currently trading near the Resistance zone($0.612-$0.605) and has also managed to break the Support zone($0.604-$0.602). We consider the Support zone as the neckline of the Head and Shoulders Pattern.
In terms of classic technical analysis, NZDUSD has managed to form a Head and Shoulders Pattern.
I expect NZDUSD to decline towards the Support zone($0.5968-$0.5946) after completing the pullback.
Note: Stop Loss(SL): $0.6062
Please respect each other's ideas and express them politely if you agree or disagree.
New Zealand Dollar/ U.S. Dollar Analyze (NZDUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NZDUSD) is currently trading near the Resistance zone($0.612-$0.605) and has also managed to break the Support zone($0.604-$0.602). We consider the Support zone as the neckline of the Head and Shoulders Pattern.In terms of classic technical analysis, NZDUSD has managed to form a Head and Shoulders Pattern.
I expect NZDUSD to decline towards the Support zone($0.5968-$0.5946) after completing the pullback.
Note: Stop Loss(SL): $0.6062
Please respect each other's ideas and express them politely if you agree or disagree.
New Zealand Dollar/ U.S. Dollar Analyze (NZDUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.