AUD/NZD – Daily pin bar – Is this about to enter the final phase of the reverse head and shoulders pattern?

I have been watching this pair from the sidelines for a long while now. If we look at the weekly chart below we can see that a nice Head and Shoulders pattern has been emerging, starting mid 2013. If this does play out to for a true reverse Head and Shoulders pattern then there could be hundreds of pips available if we can get on before the final leg up.

Today a nice Bullish Pin bar formed on the Daily chart at the Key support zone. The chart below is the daily chart of the AUD-NZD:

Below is a zoomed in view of todays Pin bar:

Formation of this type http://appalachianmagazine.com/2017/10/21/my-mommas-can-of-lard-the-most-valuable-item-in-the-kitchen/ cialis women of depression due to erectile dysfunction since the alcohol results to widened blood vessels. Offering full-bodied protection like no other, the excellent folio offered a wireless keyboard, a dependable case and a magnificent stand viagra generika rolled into one – a perfect fit for the first generation of iPads. The diagnosis of uk viagra online male impotence is fairly easy. There are several online pharmacies where people can buy generic drugs and save money while taking quality medicine. buy vardenafil levitra  

Sometimes trades with the potential of this one can take a few attempts to get on. For example, if this pin bar were to fail and then another were to form deeper into the support zone, then it could be worth attempting to get in on the second one.

This is why it is always important to control risk, as sometimes it can take a few attempts to get on to a trade but when the  risk reward ratio is a s large as this has potential to give us, then if it takes a few attempts to get on it could bay back handsomely.

IMPORTANT: As always make your own trading decisions and the very best of luck.