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Nzdusdbreakout

NZDUSD SELL LIMIT OPPORTUNITYNZDUSD was travelling in a wedges for a rather long time , until recently price broke out to the downside, it formed a descending channel on its way down. Price recently hit the bottom of the channel and has been making its way to the top, We believe price will make its way up to the 0.618 but we have sell limit orders at the support zone in-between the 0.5 -0.618 retracement levels. Our TP is the -.027 of the previous wave. IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Short
by UnknownUnicorn2396129
NZD/USD MAJOR BREAKOUT!Price has been travelling in a pennant and inside it price was travelling also in an ascending channel. Price has however broke out of both of these structures to the downside and has now come back up to retest the pennant indicating a big short trade coming up. While breaking out price has also formed a descending channel marked out in black, we just saw the retest at the top the channel also indicating a short trade coming up. Target is shown above!
Short
by UnknownUnicorn2396129