After this massive drop NZDUSD due to Brexit we expected a correction to the upside in order to go short. Looking at the chart now we are about to complete a three wave corrective pattern (ABC) with wave A and B having already formed. We expect price to move up as shown at the chart, complete the pattern and then drop.
For those who are interested taking this trade the entry point is the 1.27 ext of wave A, with stoploss and profit target as shown at the chart. If structure changes i will update this post.
Don't miss tomorrow my webinar on harmonic patterns! I will show you how to draw them (fibonacci ratios), a simple way to identify them into the charts and most importantly which qualify to trade.
You may register using the link below:
attendee.gotowebinar.com/register/1446690496367655170
For those who are interested taking this trade the entry point is the 1.27 ext of wave A, with stoploss and profit target as shown at the chart. If structure changes i will update this post.
Don't miss tomorrow my webinar on harmonic patterns! I will show you how to draw them (fibonacci ratios), a simple way to identify them into the charts and most importantly which qualify to trade.
You may register using the link below:
attendee.gotowebinar.com/register/1446690496367655170
Note
We have the completion of a sell setup. Price has completed a bearish crab pattern and an ab=cd at a level we have expecting C wave to end. Trade active
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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.
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.