we have a strong overall bear trending nzd that has just reached a fibonacci failure point after hitting a 61.8% target for the gartlety pattern it formed in the recent days.those of you with a good eye for patterns will see it right away. i am expecting nzd to make another impulse leg down and continue its bear trend now that we have one again run into our weekly trend line resistance and failed to break it.we also have some RSI divergence to go with the analysis. very good oportunity to go short this pair.
Trade active:
my entry on a sell was hit not too long ago. good level to sell yesterdays bearish engulfing pattern. we are right in previous structure on a strong downtrend. also hope everyone saw thatr huge double top nzdusd put in right here. some nice sells can be made with this pair
Comment:
you could look for entries now. we can sell the yesterdays bearish engulfing pattern at a great point. i do believe we will pullback down
Comment:
10/7
David K Giraldo