NZDUSD is making an ABC correction on 1H chart, you can buy the bounce off the trendline+0.382 fibonacci which would be a nice confluence or for a more conservative entry wait for the breakout of the trendline before buying.1st target would be 1.27 extension and 2nd target 1.618 fib extension.
If we are in wave C,
The price(1.166-1.18) and time(2015-09-14) area is very important.
So I put the possible MACD is drawn in the chart.
If an option as shown in the chart, the point C is a good short point.
Here we have a Gartley pattern near completion.
D leg needs to complete at a 1.27% in order to see a bearish Gartley pattern completion according to my rules.
We will also have an ABCD pattern completion which adds to make it a valid Gartley pattern.
Stops Above X
TGT 1 0.382%