GBPNZD Head and shoulders reversal 60 min

24 thg 10, 2016

This has broken the neckline on smaller timeframe and could give us a nice buy , i think i will wait until the neckline is retested before buying. These patterns can and do fail so trade with care . the trendline above price is the daily so a retest of that would be very nice.

24 thg 10, 2016

Ghi chú

Be careful as this is still in corrective structure of a bearish flag !

25 thg 10, 2016

Ghi chú

And there we have it a failed pattern and a fail of the retest. A good reason to wait for pattern confirmation ...