Fxprotrader
Short

NZDUSD Five Wave Corrective Pattern Completion

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Price is moving in a corrective structure having completed a five wave pattern. That's a very good level to go short. Stoploss should be placed just above the previous high which is the beggining of the impulsive move to the down.

Like and comment if you agree.!

Nice chart, I do agree with you, this is a good opportunity to go short. But as Im a swing trader Im waiting to sell at better levels. I will take any spike to the 0.69 to sell, 0.6850 or around looks good enough.

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_VincentP_ Piet.Hein
Looks like it'll touch your trend line a bit lower. Still seems like a good place to short.
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Yes i still think it's a good short trade.. If you enter now you will have a great risk reward ratio..
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Piet.Hein Fxprotrader
Yes, great RR
Reply
Piet.Hein _VincentP_
Im still with my sell limit at 0.6840, updating everyday to the trendline ceiling of the current price. Today almost was triggered
Reply
Nice patterns waiting there.. Let's see if they complete..
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