We are breaking upwards from an Inverse head and shoulders pattern.

I will leave you with the chart for now as the move is imminent and add to commentary shortly ….





Well….That one certainly didn’t hang around. I have updated the chart below with a conservative measured move target area.


EURNZD-H1 update



This is interesting to me for several reasons. Firstly, if you take a zoomed in look at the daily chart, you will see yesterdays candle as a Doji. This was enough to get me long in the Asia session with a stop at yesterdays low. So this has been a great move for me so far. The second reason for my interest can be seen clearly if we zoom out on the daily.

We can view (chart below) an even bigger head and shoulder pattern that had previously broken to the downside – There is a possibility that if this smaller bullish pattern were to play out, it could give us another bite of the cherry in the form of a retest of the neckline from the larger bearish pattern.




Horatio Dubsly

Pin It on Pinterest