abasmsd

Head & Shoulder pattern for buy NZDUSD

Long
abasmsd Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Signal to buy NZDUSD
1. Head and Shoulder pattern
2. Fibo 61.8% of last bullish wave
3. Support level at 0.6542-0.6530


Buy = 0.6538 - 0.6523
SL = 0.652
TP1 = 0.659
TP2 = 0.663
Trade closed: target reached:
First target achieved.
I closed half of my position and make risk free rest of them for second target.

Comment:
First target hit and now we have another chance to buy

Trade closed: target reached:
Second target reached. Now I wait for another situation to buy on the pullback to broken bearish trend line.

Profit of this trade = +100 pips

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.