The Aud/Nzd pair had made a brake of the 200sma 4h SurpriseBox. The brake formed a head and shoulders pattern. A small position started on the long position although waiting for the recoil to add to the position. Entry point will be the 1.3350 area, stop will be recent high at 1.3500 area and the first target will be the 1.32 area.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
