💱 NZDUSD - Head and shoulders. Bear potential
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
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
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