Trade Ideas

NZD/USD technicals: If you like inverse H&S formations?

     This is from my old friend Jim Langlands who has been around dealing rooms even longer than I have. He likes the inverse H&S on the 4-hour NZD/USD chart and suggests buying near .8200 with a tight stop.

Personally I find that H&S formations really only work at major highs and lows on longer term charts but if it gives you a good risk-reward trade, then why not!

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