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Fxprotrader
Jul 5, 2016 6:01 AM

NZDUSD Potential Sell Setup At Key Level Short

New Zealand Dollar/U.S. DollarFXCM

Description

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.
Comments
UnknownUnicorn508650
thx , just in time , took small profit
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