NZDUSD long term short opportunity

Last move will complete the abc expanded flat, close to 78.6 fib area. Under these conditions, bearish momentum will build up and could potentially drive price impulsively to 0.67 area. Simultaneously, two bearish harmonic patterns will be completed.

Kommentera:

Those who were long made some nice pips. Now it's time to short but move your stops accordingly cause 0.703 area could trigger another leg up to 0.725 level.