NZDUSD May Drop Lower & Form Right Shoulder

2019-11-12 22:38:09

https://www.tradingview.com/x/RbH5dLDS/

hey traders,

it looks like we will see a symmetrical movement on NZDUSD.

On a daily, the market is currently forming the right shoulder of a head and shoulders pattern.
I think that bears will push the market at least to 0.63 area - completion zone of the left shoulder.

Our buy zone is lying within the narrow range 0.63 - 0.627.
I will be waiting for a confirmation within this range to buy the market.

Target levels will be 0.646 / 0.643