TumeloDon

NZDUSD - Possible Hamonic Pattern (Nen-Star)

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD

Good day. We focus on NZDUSD which has presented a possible Nen-Star pattern.

Should this pattern succeed, we will expect the pair to reverse, most likely around 0.73024 & 0.73217, which happpen to be 113 and 127% corrections of our initial X - A leg.

It is important to also note that the above mentioned range will also act as a test for price as it is a Supply level that has been recently tested by this pair.

Short positions will only be taken once we have good confirmation of a reversal.

Good luck.
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