DeGRAM

NZDUSD falls after exiting the pattern

做空
FOREXCOM:NZDUSD   纽元/美元
Since June 2020, the price has been moving in an upward channel.
However, in November it broke through the upper channel line (support line) at 0.692.
And then the 0.704 support line.
Having fixed on it, the price continued to grow until it reached its monthly maximum in the 0.730 region.
The chart shows the formation of the Head and Shoulders pattern.
There is an initial trend (up) and three peaks.
The pattern is reversal, so the price must reverse the trend.
I expect the price to fall towards the support area (intersection of two strong lines and a channel line).
The target is 0.701.

---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。