Short on bearish AB=CD completion Short

British Pound/New Zealand DollarFXCM

Description

⋅ May 11, 2015 6:21 PM

Short based on bearish ABCD harmonic pattern. Expecting it to retrace to the broken long term Resistance 2.09 area which is also near to the last week high . If this is not a fake break out then this area may act as new support for further move up .

Not expecting much just a 0.38fib of AD retrace.

GBPNZD

Comments

GcNaif

⋅ May 13, 2015 4:22 AM

Update 5/13/15 : Closed all trades on GN. got the pips i wanted((200 pips * 4 trades) on this retrace