NZD/USD Short, Flat correction.
NZDUSD1- A Flat correction unfolded for wave X, and wave 5 of wave C ended in a diagonal Suggesting a strong move to the downside.
2- Wave C of the Flat correction found resistance at 50% Fibonacci retracement.
3- A bearish Candlestick Patter formed on the Daily Chart (Subdivided into 5 waves in the hourly Chart).
4- Stochastic reached the overbought area.
Sell at market price
SL: 0.7125,
TP: 0.6800 (Subject to change.)
Trade closed: stop reached
Stopped out, stay away.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.