glennmercer

NZDUSD Short: Quintessential 5-0 Pattern + Wolfe + Trendline

Short
glennmercer Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD has reached the 50% retracement of the BC leg of a bearish 5-0 pattern, which means it is time to sell. Target is placed at structure lows which coincide with 1.618AB, which is expected for these types of setups. SL may be placed above .618BC. To add to bearish bias, a Wolfe wave has also been completed at the entry point with the same target as the 5-0 pattern.
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