NZDUSD - Possible Hamonic Pattern (Nen-Star)
NZDUSDGood day. We focus on NZDUSD which has presented a possible Nen-Star pattern.
Should this pattern succeed, we will expect the pair to reverse, most likely around 0.73024 & 0.73217, which happpen to be 113 and 127% corrections of our initial X - A leg.
It is important to also note that the above mentioned range will also act as a test for price as it is a Supply level that has been recently tested by this pair.
Short positions will only be taken once we have good confirmation of a reversal.
Good luck.
Penafian
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