fximperija

Long on fib nice confluence

Long
FX:EURNZD   Euro / New Zealand Dollar
6
A text book gartley by definition :) PA touched the 61.8 to classify for the gartley and is on it's way to the 78.6 to complete the pattern. However a bullish AB-CD completes a bit higher than the gartley @565 which could be the initial short The 565 is a nice res. at structure with possible dip lower to complete the gartley and turn bullish. Alternative view according to recent Euro weakness and NZD strength, could stop the PA and force a correction. Neither currencies show significant change in strength so fundamentals will decide the behavior in the near future.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.