NZD JPY H and S 30min - Bearish Move Short

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Jul 17, 2017 10:26 AM

As you can see Bearish Looking move on NZD JPY on 30mins with possible H and S developed, it is now retesting the Neckline - expected further downward movement.

Expecting NZD to be weak on the back on NZD Central bank being worried about knock on effect of the currency strength on their export demand

Head and Shoulders

Comments

Unai

⋅ Jul 17, 2017 2:49 PM

To be a H/S needs to be an uptrend. On a Downtrend you would be looking for an Inverse head & Shoulders.

ChEtg

⋅ Jul 17, 2017 5:28 PM

@Unai, Inverse H and S you would be looking to Buy

Head and shoulders your looking to sell.
I'm selling