Triple bottom or head and shoulders what you think?

2017년 9월 2일

Hi Traders. Here we have a bullish setup for GBPNZD. I see a daily trendiline where price has been bouncing. as you can see it looks like a head and shoulders but not so perfect. Price has broken the neckline. To get more profits and make a more secure trade. ill be expecting one more move down to enter. Else im out of this trade.
The place where im thinking to buy is at 0.382 retractment of that ABCD i had found, as you can see it is also a resistance, Im expecting price to bounce back again up. Thank you for your feedback, and i hope this idea helps you in your trading.