It’s a wonderful day to sell NZDUSD

The Head and Shoulders are back. NZD looks primed to face a drop over the next couple of days, printing what can only be described as a textbook head and shoulders. Unfortunately, the only risk on this trade is that there is no specific neckline, which makes take profits a bit hard to mark, and makes the trade a bit inconsistent.

However, I have high faith that this trade idea will work out. By looking at the technical indicators, we can clearly see that NZDUSD has run into its local resistance, accompanied by the infamous H&S pattern. I will be selling this at a reasonable rate and will take profit in the green zone.

Сделка активна:

Looking good so far. Price @ 0.60389.

Сделка закрыта: достигнута тейк-профит цена:

My internet got cut for 5 days, astounded to see my TP got hit to the literal pip. That's precision, I suppose!