Fxprotrader
Short

NZDUSD Pending Bearish Gartley Pattern

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
192 0 16
In a previous post we described that nzdusd             is in a corrective structure and we mentioned that a breakout below the lower trendline of the correction would signal a sell setup. The breakout didn't happen as price bounced and moved up.
If it continues its rally we will have a bearish gartley completion with D point at a strong resistance level , the upper trendline of the corrective structure.

Stoploss and profit targets as shown at the chart.
Comment: The pattern didn't complete. A new potential setup is about to be formed. You can find it here:


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