Short EURNZD: Head and Shoulders Entry on Bearish Bat

Dec 16, 2015

EURNZD has broken the neckline of a bearish head and shoulders breakout. A lower TF bearish bat has provided a nice entry short on the retracement to the neckline. Trendline resistance may also provide bearish bias. Entry is placed at the completion of the bearish bat with target placed at the completion of the bullish shark.

15m Bearish Bat (Entry):

Dec 16, 2015

Trade active

Dec 28, 2015

Trade closed manually

Closing this trade manually after sideways movement for +177 Pips