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!
Good Luck!
