Price might test 1.6230. Short orders favored.
Valid Bearish Gartly Pattern.
FX_IDC:EURNZD Safe Trades;
EURNZD H1 expect drop after retrace up (NL-x)
We have had our double top, broken structure and have now had our retracement into the 618 area. As with my idea on teh 4hr chart im expecting this to now see a move to the downside
FX:EURNZD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD And Eventual Cypher point "C" If we get an AB=CD pattern. CYPHER: Point B: 38.2% to 61.8% XA Point...
On the EUR.NZD 15min chart we have two potential short opportunity at the D leg completion of a Bat Pattern The price reversal zone on this pair is between 1.6650 (Green) & 1.6590 (White) The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern placed at the .382% and .618%...
FX:EURNZD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Eventual SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe trades; open.spotify.com
This week on the EUR.NZD 1 hour chart we have a potential long and short opportunity at the D leg completion of a Bat Pattern Bullish Bat Pattern - D leg completion 1.6576 Bearish Bat Pattern - D leg completion 1.6965 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern...
Overall on bigger timeframes, an up move is due. But in the meantime, until we get that confirmation of an uptrend, there is a nice sell setup on the 4H. A corrective structure on lower time frames has been breached. So I will look for entries on 1H/15min. If we get a good entry, we can expect a sharp move down to the next trendline structure.
We can place buy stop on the breakout of doji bar. it has retouch the broken level and formed doji.
With 2hrs time frame, EURNZD just hit -0.618 fib target, so we could see a few hours retracement in EURNZD market