Bearrington15

Regular Bearish Divergence followed by the Bear 123 Pullback

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
This is a Setup best known as a Bearish Advance Divergence Butterfly - (Bear ABD). With the daily TF showing a Bearish retrace rejection i took a short trade on the 4HR TF via a Regualr Bearish Divergence. Target 1 already hit and PA has now pulled back forming a potential retrace rejection and also was showed Bull Hidden Divergence. However PA is holding at the Mid level APF giving strength to the Bear. We'll wait and see