NZDUSD - Top of the ascending triangle...

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Elliot impulse wave counts tells us a 5th and final leg is expected next after a completion of wave 4 shown by a rejection at the 123.60 fib extension level. We have a good confluence of a trendline and a strong level of resistance to short this pair so look to open shorts as per your own entry criteria.
Order cancelled: Gap up after the weekend never gave us an oppurtunity to enter short
I will just wait... even if the result is out, I believe market still need sometime to stabilize.
I am waiting to go short. On daily TF a Bearish Black Swan. On weekly, it look like a Bearish Gartley.
ye so am I....Brexit coming up so I am not sure if the trade will materialise
+1 Reply
great work!
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