NZDUSD Hikkake Pattern With Shifting Channel

NZDUSD Hikkake Pattern With Shifting Channel

NZDUSD Pushed higher but failed to keep the momentum and created a False breakout of resistance and we can see a hikkake pattern with a bad shaped pinbar. Price likely to reverse from here.

We can see price broke its previous channel resistance and there is a possibility that price might going to move within channel with little modification of its shape.

Key Points-

– Hikkake pattern

– Pinbar

– Channel

NZDUSD Hikkake Pattern With Shifting Channel