NZDUSD AB=CD pattern and 38.2% Fib retracement Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Nov 28, 2016 6:16 PM

Hi traders,

On the 4H NZDUSD we have an AB=CD pattern forming, which completed around the 38.2% Fibonacci retracement of the downwards move from November.
Entry: 0.71221
Stop: 0.71677
Target: 0.70406 = R:RR 1.79

Good luck guys!

Trade active

⋅ Nov 29, 2016 6:51 PM

Trade closed: stop reached

⋅ Nov 30, 2016 10:39 AM