EURNZD inverse H&S, correction only or continuation of uptrend

29 apr 2019

Looks like a basic inverse H&S here. Could be just a correctional move up before continue to drop again. But i think it might the start of some more upwards movement. Already trying to break up, it should not drop below the right shoulders anymore. If we do continue to move up a bit, than the neckline should not break anymore. With higher time frame H&S there can be noise, but low time frame usually has to follow the rules.

30 apr 2019

Nota

Target reached :) There might be more potential, but would not bet on it with all. The trade was the H&S, never wrong to risk a part for higher prices, like 20/35%, but not more.

30 apr 2019

Nota

Better to wait for another retest if a mid term low is set

1 mag 2019

Nota

Nice, shows it's worth risking some. For the remaining part, i would use a tight stop, break of the red zone below the flag is a good stop. maybe the flag will play out as well, so risking a few points for potentially much more