Fxprotrader
Short

Project 1001 Pips - NZDUSD Pending Sell Setup

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1557 21 50
After this massive drop NZDUSD             due to Brexit we expected a correction to the upside in order to go short. Looking at the chart now we are about to complete a three wave corrective pattern ( ABC ) with wave A and B having already formed. We expect price to move up as shown at the chart, complete the pattern and then drop.

For those who are interested taking this trade the entry point is the 1.27 ext of wave A, with stoploss and profit target as shown at the chart. If structure changes i will update this post.

Don't miss tomorrow my webinar on harmonic patterns! I will show you how to draw them (fibonacci ratios), a simple way to identify them into the charts and most importantly which qualify to trade.

You may register using the link below:
https://attendee.gotowebinar.com/register/1446690496367655170

Comment: We have the completion of a sell setup. Price has completed a bearish crab pattern and an ab=cd at a level we have expecting C wave to end.
Trade active
What was your SL? I placed 0.7208 and it was hit.
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Love your work, THANKYOU
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Very amazing how you can know market down like this ? Actually market Nzd up
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Fxprotrader Groupotrade
Sorry i didn't understand what you are saying..
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JumpJumpBunny Groupotrade
Hi Sir, price will go as high as 0.7254 (Daily Pivot R1) or 0.72418 (Daily Pivot R2) which is closed to Weekly Pivot. If price break weekly pivot then pattern consider invalid.
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yousimon yousimon
RePlan
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Is the trade open?
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Fxprotrader Selhurst1
Yes
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TNS109 Fxprotrader
Whish stop loss is the correct one? main chart or the second one that you have uploaded recently?
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