Did the NZDUSD reverse as predicted?

Updated: Sep 23, 2018

We previously raised the question, "is the NZDUSD showing signs of a reversal with the formation of a head & shoulders pattern?" but what was the outcome..

Lets recap..

NZDUSD free forex signal chart

On Tuesday the 18th of September, we spotted the formation of this pattern and predicted the reversal of the NZDUSD.

"Although a retest of the neckline is a possibility, a stop loss has been placed beyond the 0.658-0.657 zone. if the neckline retest fails, we can expect a rally in the upward direction and a complete change in direction as expected."

Lets take a look at the outcome..

Free signal NZDUSD analysis

A breakout, followed by a retest which subsequently failed, causing a rally of around 100 pips to the upside. This can be taken as a confirmation of the effectiveness of the head & shoulders pattern

Why not test this method out yourself?

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