pavan15589
Short

EURNZD - Bearish Crab

FX:EURNZD   Euro Fx/New Zealand Dollar
EURNZD             has made a huge move down and now its just pulled back up to the resistance filling a crab pattern .

The pattern has a nice risk to reward ratio as the resistance is strong on the weekly chart as well....

A nice place to short at 'D'....

With stops at 1.618 extension of 'XA'......

and

Target 1 at . 382 retracement of 'CD'...

Target 2 can be trailed.....

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