Hello Traders,
we signal a nice Head & Shoulder of continuation of the trend up for NZDCHF. The target for the pattern is 0.65.
An aggressive entry would consist in entering now, at the retest of the horizontal line which correspond to the previous top.
A more conservative approach would be to wait for the retest of the neckline of the Head & Shoulder. This would increase the odds for the realization of the pattern but also the risk to be left out of the trade, since retests do not happen every time.
The total size destined for the trade can also be split 50/50.
Which kind of trader are you?
Are you an aggressive trader who enters on breakouts or a more conservative one, waiting for retests and confirmations?
Let us know in the comments!
we signal a nice Head & Shoulder of continuation of the trend up for NZDCHF. The target for the pattern is 0.65.
An aggressive entry would consist in entering now, at the retest of the horizontal line which correspond to the previous top.
A more conservative approach would be to wait for the retest of the neckline of the Head & Shoulder. This would increase the odds for the realization of the pattern but also the risk to be left out of the trade, since retests do not happen every time.
The total size destined for the trade can also be split 50/50.
Which kind of trader are you?
Are you an aggressive trader who enters on breakouts or a more conservative one, waiting for retests and confirmations?
Let us know in the comments!