NZD/CAD
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H4 NZDCAD looking to breakout below Head and Shoulders pattern

An idea to sell NZDCAD on H4 as price may break the neckline of the head & shoulders (H&S) pattern.

In this case, a sell looks a good prospect of success.

This is how I would go about things, you might want to do things slightly differently.

S.L. = 0.89589
Entry = 0.89324
Take Profit = 0.88400

Reward/Risk is 3.69/1

Good luck!

breakouttradingChart PatternsChart patternsHarmonic PatternsHead and ShouldersTrend Analysis

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