Looking for an AB=CD to complete on Gold
Minimum targets for retrace met. ABC correction.
Nice mom divergence on Daily chart and positive mom on 60min
NZDUSD appears to be completing a head & shoulder pattern
NZDUSD looks to have completed an ABC correction following a 5 wave move down. I am looking for a continuation of the down move and placing a sell stop order helps make price action confirm the analysis. If price moves higher I will re-evaluate.
Following a 5 wave down move, USDNZD appears to have completed an ABC correction. Placing a sell stop order to let price action help confirm the analysis.