EURNZD Possible AB=CD: Reversed From .5 Fib, Two Bear Flags
EURNZD has reversed after retracing 50% of the most recent bearish impulse leg.
We also have a large bear flag that has been broken, and a small bear flag that has been broken as well.
Take profits are as follows:
TP 1: Most recent support
TP 2: 1.272 Extension of AB impulse leg
TP 3: 1.414 Extension of AB impulse leg & AB=CD pattern completion point
We also have a large bear flag that has been broken, and a small bear flag that has been broken as well.
Take profits are as follows:
TP 1: Most recent support
TP 2: 1.272 Extension of AB impulse leg
TP 3: 1.414 Extension of AB impulse leg & AB=CD pattern completion point
Comment:
Head and Shoulders with Broken Neckline
Comment:
Possible Movement
Trade active
