A Potential Inverse H&S Pattern Could Soon Reverse the Trend

2022년 4월 29일On the daily chart , we can clearly spot a possible formation of an inverse head and shoulder pattern. As we can see back in 2021 October, an exact pattern was formed, eventually resulting in a breakout followed by a persistent bull market. Therefore, a similar scenario could happen again soon, hinting a beginning of a bull market.

Currently, we are carefully monitoring the price movement to see whether the price will break above the neckline area. After a clear breakout, meaning a daily candle clearly closing above the neckline, we will then place our buy limit orders on the neckline to capture the retest.

This is a high probability setup to catch an extraordinary bullish impulse because GBPNZD is very volatile, and a price impulse can easily shake this pair by more than 300-400 pips a day.

2022년 5월 3일

액티브 트레이드

The price has broken the neckline of the inverse head and shoulder pattern and then retraced and retested the neckline area. Our first target is the 1.9680 level