DislikedI'm actually holding a bearish view for now. For the fact that the nzdusd broke through .8170 support (which was a support for two occasion) shows of a strong bear level. and yest closing did not close any higher than level. MACD & RSI (h4 view) doesn't support any bullish movement yet too. Therefore, I'm went short on .8160, SL: .8210, TP: .8050 or lower.Ignored
However in Harmonic pattern your view is supported but there is much room to go 38.2fib is at 8293 and that is aggressive pattern but typically we should see price retrace to 61.8 8438 which is my TP 84! so its all good after 84 you can short at your heart's content
Keep in mind that every pair has a daily range and Kiwi already went way past that.So 8170 is already over 100pips and give it another day and price may go up another 100pips.
http://www.harmonictrader.com/gartleybearre.jpghttp://babypips.cachefly.net/school/...sh-gartley.png
In trading, you have to be defensive and aggressive at the same time