NZD/USD 15-minute chart: Inverse H&S
A inverse h&s on the NZD/USD 15-minute chart, bullish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Inverse H&S (bullish)
- Entry 0.56277, stop 0.55994, target 0.56557
Full transcript
Can the New Zealand dollar stay above the level it just broke?
October 16: the New Zealand dollar, 15 minute timeframe, confirmed an inverse head and shoulders today.
This pattern is three lows, the middle lowest, the outer two higher and roughly level. Connect the two highs to get the neckline. It confirms only on a close above it.
Here the neckline is 0.56259, and price closed above it today. The measured target is 0.56557. The invalidation level is 0.55994, where a close beyond it cancels the pattern.
It remains in play. Neither the target nor the invalidation level has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.