TradingView
ErfanParvini
Dec 3, 2015 3:35 PM

Potential Shorting Opportunity Short

British Pound/New Zealand DollarFXCM

Description

After the massive bearish move of this pair during the past days, we are now experiencing a retracement and coming back up right at the previous support and trend line resistance is ahead too. RSI is out of OS territory, and there is a good opportunity to get involved for you guys that did not get involved before. We should continue down to the 61.8 Fib at the completion of the harmonic move. Good luck!

Trade closed: target reached

+1170 PIPS
Comments
DerekUweri71
It would be nice if you can clarify on your TL and the Harmonic pattern you are using.
ErfanParvini
Well, by harmonic I meant simple ABCD move. :)
DerekUweri71
Erfan, good call. I was also bearish on this

More