Divi

NZDJPY 4H Bearish Idea

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
I am bearish down to the completion area of the two bullish patterns that are in play. The large bullish pattern has a 61.8 B level while the second smaller B level is a deeper 88 level retracement. This means the smaller bullish pattern with a 88 B retracement should have a D completion that is below X and the larger bullish pattern with a 61.8 B retracement should have a D completion between its X & B points. These two B retracements give me the anticipated downside target levels shown on the chart.

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