Fxprotrader

Pending Bearish Bat Pattern in EURNZD

FX:EURNZD   Euro / New Zealand Dollar
Bat
173 0 11
Overall EURNZD             is in a corrective structure after a big impulsive move up. So in my analysis the ideal setup would be a buy after this correction is over. But here we have a nice sell scenario. A bearish bat pattern might complete if price continues its mini rally. Otherwise if price won't reach that 0.886 level and starts retracing before that we should wait for a breakout to the down in order to go short.

In any cases i will update with the setup.
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