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Medianlines

NZDUSD: Fantstic Sell OpportunityPrice is NZDUSD has been consolidating below a broken long term uptrend and it now seems that it's breaking below the consolidation. We could enter now into the market but stoploss (above previous high) would be a little expensive. So it would be a much better idea waiting for a pullbak at the upper parallel of the smaller median line set and watch for a setup at that level. Another option would be to just place a sell order at that level. As for profit target aiming to the median line of the large set is most likely to happen and will give a tremendous risk/reward trade setup. Likes and comments are always welcomed..
Short
by Fxprotrader
11
EURGBP: Bearish AB=CD Completion At Key LevelPrice has completed a bearish ab=cd pattern at a level where we meet the lower quartile of a median line and the 0.618 fib retracement of the previous big sell off. It's interesting to see how many times price was rejected from the quartile on it's way up. The problem with this setup is that at the moment we don't have a quality stoploss. So i suggest to wait for a sell setup to complete in a lower timeframe. Like and follow for updates..!
Short
by Fxprotrader
7