Nzdchf H1 Sell !! Head and Shoulders Pattern.

٢٣ يوليو ٢٠٢٠

Nzdchf has recently created a head and shoulders pattern and price is currently below the neckline of the pattern. I will simply be looking for a retest of the neckline, CONFIRMATION that the neckline which once acted as support is now resistance, and then i will be place a sell order. Stops will be placed reasonably above the neckline. targets will be at the major low as indicated by the arrow. however i will be taking some profits at the recent low.