glennmercer

NZDUSD Big Short Continues

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey traders! This one's a long shot but the risk is low and the setup fits my trading strategy. A bearish wolfe wave is complete after the trendline break was retested. The completion of E is confluent with the B-D parallel which is an indication that the pattern is complete and the trend may reverse. This reversal could mark the continued downturn of the pair toward the larger TF wolfe wave target and bottom of the daily TF triangle. See related idea for larger TF setup.
GM

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.