Fxprotrader
Short

NZDUSD Potential Sell Setup At Key Level

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
535 2 21
In my previous post on NZDUSD             i mentioned that price after the sell off is in a correction and in this structure we had the completion of a bearish deep crab . The pattern didn't work well with price still rising. It now looks like will reach the upper parallel of a long term bearish channel where a have the completion of a bearish butterfly pattern. Having in mind that we are in correction after a sharp impulse we should go short at that level trying to catch the next impulse to the down.
thx , just in time , took small profit
+1 Reply
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