GBPNZD Head and shoulders reversal 60 min

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This has broken the neckline on smaller timeframe and could give us a nice buy , i think i will wait until the neckline is retested before buying. These patterns can and do fail so trade with care . the trendline above price is the daily so a retest of that would be very nice.

٢٤ أكتوبر ٢٠١٦

ملاحظة

Be careful as this is still in corrective structure of a bearish flag !

٢٥ أكتوبر ٢٠١٦

ملاحظة

And there we have it a failed pattern and a fail of the retest. A good reason to wait for pattern confirmation ...