NZDUSD TRADE ANALYSIS 4H

20 thg 1, 2021

Analysis Shows that:

• Price has created a head and shoulders pattern which means reversal is in progress.
  
• Price has successfully broken support and is testing the new resistance zone
  
• Price also created lower highs and lower lows thus a downtrend
  

[WHEN TO TRADE:
When price forms a reversal candlestick close to the vertical or horizontal resistance zone