NZD/USD Short, Flat correction.

1 giu 2017

NZDUSD

1- 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.)

4 giu 2017

Trade chiuso: stop raggiunto

Stopped out, stay away.