nadavhurwitz

NZDUSD - Bearish Crab - Short

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
FX:NZDUSD
A bearish Crab Harmonic pattern has formed on the kiwi-dollar.

We have a 0.618 point B (within 3% margin)
We have a Potential Reversal Zone (PRZ) of 1.618 XA & 3.14 BC at point D.

PRZ connects with resistance line (dotted).

Trade Entry:
On a 4H chart we see a MACD divergence.
Look for reversal candle to form to enter the trade.



Stop loss at 2.0 XA
Take Profit 1 at 38.2% AD
Take Profit 2 at 61.8 AD

Happy Trading!
Trade active: Large Bearish Candle + confirmation

Good Luck!

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