NZDCAD - Head and Shoulders at Retest of trendline and Resistanc
Late feb we broke down from a pretty relevant trendline in NZDCAD (solid blue line)
We are not retracing back into a massive resistancearea at the dashed blue lower angled trendline, as well as previous support as well as the near perfect retest of the talked about (solid) blue upward trendline. As a bonus we are also somewhat at the 618 retracment of the last swing low.
in this - like i said - very important zone of resistance we are now forming a head and shoulders. so look for sells if we can break below it. downside potential is quite big.
We are not retracing back into a massive resistancearea at the dashed blue lower angled trendline, as well as previous support as well as the near perfect retest of the talked about (solid) blue upward trendline. As a bonus we are also somewhat at the 618 retracment of the last swing low.
in this - like i said - very important zone of resistance we are now forming a head and shoulders. so look for sells if we can break below it. downside potential is quite big.
Nota
here the bigger pictureDagangan aktif
breakout happened pretty quickly. here is my rough target setup. pretty good risk reward overall
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.