NZD: Trade for Bearish Wave

٧ يونيو ٢٠١٨

After breakout of the ending diagonal structure (previous idea linked below) I am interested in sells. There is now a nice correction forming under the trendline. Not sure if it will reach so high but for now I will place trade as shown. More details on chart.

١١ يونيو ٢٠١٨

ملاحظة

The target was nearly reached before the pullback making this a messy situation. It is currently 9:30 PM EST on Sunday, June 10, and I would be inclined to move stops to breakeven here if still in the trade.

If there is another slow drop this looks like it can be forming into a bullish corrective structure and so would prepare for a bullish trade