big head and shoulders hopefully to resume- 150 pips to start

7 Ara 2016

NZD has been reluctant to move lower but it might finally be ready if we get confirmation here

The details:

short below ascending trend line

stops above recent highs

target lows of 0.6970 area and ultimately 6740 area

8 Ara 2016

Not

Remember the trend line was the entry area, it broke above highs before it broke below the trend line, I didn't take an entry but I'm still interested in shorting at a trend line break lower.