7pasos
Short

Bearish engulfing with potential

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
248 4 1
At the end of a Gartley extending 1 to 1 we find a bearish engulfing with a reasonable risk reward ratio to the initial support target. But could go to push even lower if the rythm of the actual upside trend continue at least for other similar gain.
Supporting the bearish engulfing:
1) close below the last high (of the first impulse of the gartley to the upside)
2) clear divergence in the actual upside movement confirmed by
3) a break of the upside trend line

Stop :(
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7pasos tuanatuba
yes its possible its goint to touch the channel and bounce back again but is better be off this in the middle time! (I wont mark this as closed due the suggested author mechanics but the trade is closed at loss)
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IS UPDATED ?
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7pasos tuanatuba
Yep ugly but still valid
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