EURNZD Head and Shoulders In

Bearish: We are currently @ 1.7065 and finally have the head and shoulder reversal pattern in place. We have divergence for the down move. USDX appears to be flipping finally so IF we can break the Slope support here, we are looking for a move to the ATR Target @ 1.6837. Watch the USDX for any change in direction. The ATR for the pair currently is 168 pips per day and its 180 day average is 170 pips per day. USDX is currently attempting UP.#EURNZD

Posted to Introduction to Forex Targe… on Sep 29, 2022 — 8:09 AM

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