NZD/USD - Triangle- Short Short
New Zealand Dollar/U.S. DollarFXCM
Description
⋅ FX:NZDUSD
After a Head and Shoulders pattern on a daily chart, a bearish Crab pattern and a rising wedge on a 4 - hour chart (linked below) ...
Now we get another bearish signal - Triangle formation with a fake-out on the 5 contact point.
Take profit at triangle height after breaking formation (around 0.663).
Stop loss at point 5 top.
* make sure to take some profit along the way.
Trade closed: stop reached
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