NZDUSD - Short for 100pips - 3.9 R/R!

Wave b retraced 78.6% of a
The subwaves of b, wave ((c)) is at the 1.618 Extension.
both those levels are at 0.679x, with 8pips difference.

So, I'm confident we will see price fall for a last wave c now towards 0.6686. (~100pips)
Therefore, you can short this now at current price.

Note that even tho a correction can be an expanded flat, wich retraces more than 100% of a, the subwaves structure of the abc move, point towards it's termination at current level.

Short Trade Setup :

Entry : market price 0.6796
Stop : 0.6824
Target : 0.6686


PS : here you have the higher degree move of the pair :

Trade geschlossen: Stop wurde erreicht:

- 27pips.