NZDUSD Short: Quintessential 5-0 Pattern + Wolfe + Trendline

10 Şub 2016

NZDUSD has reached the 50% retracement of the BC leg of a bearish 5-0 pattern, which means it is time to sell. Target is placed at structure lows which coincide with 1.618AB, which is expected for these types of setups. SL may be placed above .618BC. To add to bearish bias, a Wolfe wave has also been completed at the entry point with the same target as the 5-0 pattern.

10 Şub 2016

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