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safri
Feb 17, 2017 6:59 AM

Bearish Harmonic near structure - EURNZD (60mins) Short

Euro Fx/New Zealand DollarFXCM

Description

Hello Traders,

I have spotted Bearish Butterfly Pattern on EURNZD. I have highlighted Potential Reversal Zone (PRZ) for short entry. Here, PRZ is made of 1.27XA, AB=CD, 2BC and 2.24BC Fibonacci ratio confluence. I am expecting that price will resist in this area and reverse.

Follow this idea for further updates.

Happy Trading!
Comments
JovanVeskovic
Makes sense
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