NZD/USD - Possible Cup & Handle in the making?..

- NZD/USD appears to be forming a Cup and Handle pattern
- The Cup of the pattern follows a nice smooth arc
- The Handle of the pattern looks to be forming within a descending wedge (inherently bullish pattern)
- The neckline of the pattern is @ ~ 0.685
- This level would need to be broken as well as the descending wedge pattern comprising the handle to justify
entering a long position

THIS IS NOT TRADE ADVICE NOR A TRADE CALL

Komentar:

- Price failed to breakout to the upside and has moved lower
- This pattern is now INVALID