NZDUSD been in a prolonged downtrend and we are now showing signs of a trend reversal with this head and shoulders pattern. The pattern is quite apparent and clear.
I want you to also go to the weekly chart to see where we made this pattern. 0.6200 zone a very important support zone. This adds further confluence to this trade.
We did have the break, albeit on a Friday. Perhaps a trade to watch for next week when we make new higher highs after the retest of the breakout zone we appear to be making.
0.6400 would be the first target as there is a resistance/flip zone there.
I want you to also go to the weekly chart to see where we made this pattern. 0.6200 zone a very important support zone. This adds further confluence to this trade.
We did have the break, albeit on a Friday. Perhaps a trade to watch for next week when we make new higher highs after the retest of the breakout zone we appear to be making.
0.6400 would be the first target as there is a resistance/flip zone there.