NZDUSD in potential ABCD pattern

16 בנוב׳ 2015

NZDUSD in daily chart potentially forming ABCD pattern where price stop in 61.8% retracement as stong support area. We may looking for long position as price still open in this retracement area. We may put stop loss below this area or when price have breakout to 0.63926. For aggresive trader may put target profit in D leg where final ABCD pattern have complete.

Please feel free to discuss about this, if you feel it help you.