💱 NZDUSD - Head and shoulders. Bear potential

12 ต.ค. 2023

NZDUSD is forming a false breakout and reversal pattern. There is an opportunity for a decline to 0.59000



TA on high timeframe:
1) False breakout of global range resistance
2) The market considers liquidity in the area of 0.59600 as a target

TA on low timeframe:
1) A false breakdown in the "head and shoulders" format is formed
2) Price starts realization of the pattern after breaking its base
3) I am waiting for a fall to 0.5985 and 0.59600.

Key support📉: 0.5985
Key resistance📈: 0.60000