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cheminacci
Feb 7, 2016 7:51 PM

NZDUSD Consolidation Wedge post Gartley Short

New Zealand Dollar/U.S. DollarFXCM

Description

After the previous bull gartley pattern completion and reversal, price moved up and bounced of off a major weekly trendline (purple). The gartley pattern also helped set up a consolidation wedge. This is looking like a set up for another retest of the bottom of the wedge. Projected target 1 and 2 0.6502 and 0.6405 levels.

Trade closed: stop reached

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