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.