In a previous post we described that nzdusd is in a corrective structure and we mentioned that a breakout below the lower trendline of the correction would signal a sell setup. The breakout didn't happen as price bounced and moved up.
If it continues its rally we will have a bearish gartley completion with D point at a strong resistance level, the upper trendline of the corrective structure.
Stoploss and profit targets as shown at the chart.
If it continues its rally we will have a bearish gartley completion with D point at a strong resistance level, the upper trendline of the corrective structure.
Stoploss and profit targets as shown at the chart.
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The pattern didn't complete. A new potential setup is about to be formed. You can find it here:
