pablo82

BIG SELL OFF

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FOREXCOM:NZDUSD   Dolar New Zealand / Dolar A.S.
We might have start of big sell off as current wave up broken previous swing top and recent price behaviour showscontinuation to downside.

Take any smaller sell set ups after any corrections / pullback on lower timeframe and keep it as long as you can moving stops to break even once in profit.

Be aware price still can climb to about 0.77900 level before big reversal.
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Keep falling.

Possible long term trade.
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Pay attention to price action.

Price has reached a key level.

We will have bounce or breakthrough of two previous structures.
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Price has bounced from the previous structure.
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The Very high probability we have bigger degree head and shoulders pattern in development. Wait for a breakout of the lower black trend line for confirmation.

You can at least aim for 0.69000 and possibly much, much lower
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Wait for lower degree correction before entering if not already in the trade.
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Price broke weekly trendline.

I expect smaller degree correction soon continuation of downtrend
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Watch for bigger correction as we have divergence.

One small sell possible before upmove
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