NZDUSD on an inverse H&S 🦐
NZDUSD after our previous analysis reached the 0.61 support area.
The price created a potential inverse Head & Shoulders pattern with 2 right shoulders that have higher lows.
The pairs has now broken the neckline and some more buying pressure can be seen at the EU or US market open.
How can i approach this scenario?
I will wait for a potential test of the previous resistance, now turned support, and IF the price will satisfy the Plancton's strategy rules we will set a nice Long order.
The price created a potential inverse Head & Shoulders pattern with 2 right shoulders that have higher lows.
The pairs has now broken the neckline and some more buying pressure can be seen at the EU or US market open.
How can i approach this scenario?
I will wait for a potential test of the previous resistance, now turned support, and IF the price will satisfy the Plancton's strategy rules we will set a nice Long order.
