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NZDUSD - Head and Shoulder and Rising Channel in Place

NZDUSD - Head and Shoulder and Rising Channel in Place

Trading Confluences

  • Price is at Daily Resistance Level
  • Head and Shoulder Pattern at the Daily Resistance indicate lack of Buying Pressure
  • A Rising Channel After a Strong Bullish Momentum Indicate that on-going Momentum is Fading
  • RSI Divergence

Trade Forecast
Consider Going Short if Price Break Below the Local Structure Level Marked In the Chart

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