EUR/NZD Creating H&S Pattern , Short Setup Valid Now !

11. Aug.

Here is my 4H Chart On EUR/NZD , The price creating a very clear reversal pattern ( head and shoulders pattern ) and the price made a very good bearish price action now from good res area so we can enter a sell trade now and targeting the neckline for this pattern and if we have a clear 4H Closure Below My Neckline we can add another entry But as i mentioned we need to see a clear closure below the neckline so the pattern still not confirmed and we can sell after we have a clear closure below our neckline and targeting from 100 : 150 pips , if we have not a closure below the neckline then we can`t add the second sell entry .

12. Aug.

Anmerkung

The Price Moved +60 Pips And Hit The First Target , but It Can`t Close Below Neckline , so we still need a confirmation to can enter the second entry .