"H&S on lower timeframes..." Having given up the 5m charts, I'm...

  1. 5,012 Posts.
    lightbulb Created with Sketch. 48
    "H&S on lower timeframes..."

    Having given up the 5m charts, I'm trying the 4 hour chart exclusively. Here's a Head & Shoulders short for EN. Also, it's a classic candle setup - hammer with continuation candle (if this last red candle closes around here). But on the negative side, the weekly trend is up. Most of the NZD pairs have H&S or reverse H&S:

    EURNZD h&s.PNG
    Last edited by Martin Gifford: 06/07/18
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.