NZDUSDRising Wedge formation + false break at the 5th point.
This is in conjunction with a MACD Divergence.
On a 4 hour chart a shooting star reversal candle is present.
Short at 0.77017
Stop Loss at 0.7036
Take profit at support/resistance along the way.
This trade idea supports my larger active trade shorting the NZDUSD based on a harmonic pattern - Linked below
Good Luck & Happy Trading!
Trade closed: stop reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.