Short idea
Well as you can see the price was very bullish until it broke oout the trendline.
After the breakout the price made a retest ,and forming a head and shoulders pattern.
It has just touch 0.72320 which is a really strong level ,and made people to sell nzd/usd.
I think the price will fall until it touches the 200EMA.
I go short:
SL:0.72300
TP: about at 0.71000
Thoughts?
After the breakout the price made a retest ,and forming a head and shoulders pattern.
It has just touch 0.72320 which is a really strong level ,and made people to sell nzd/usd.
I think the price will fall until it touches the 200EMA.
I go short:
SL:0.72300
TP: about at 0.71000
Thoughts?
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