AUDNZD Pending Bearish AB=CD & Deep Crab Completion Short

Australian Dollar/New Zealand DollarFXCM

Description

⋅ Mar 2, 2016 8:59 AM

Price has completed a bearish crab pattern and is about to complete a bearish AB=CD. For a better risk/reward ratio a will wait for the ABCD to complete.

Stoploss and profit targets as shown at the chart.

Happy trading to all..!

Trade active

⋅ Mar 2, 2016 4:10 PM

Comments

theforexportal

⋅ Mar 2, 2016 5:33 PM

The AUD is one of the weeks strongest currencies and the NZD is relatively weak. I suspect this trade may not work out but good luck!