TradingView
Roker1
Aug 11, 2017 10:41 AM

Clues on EURNZD: short bias! Short

Euro Fx/New Zealand DollarFXCM

Description

Hey guys,
here on EURNZD i'm ready to go short. Do you want to know why? Here's explained: first of all, i've outlined a key structure on the daily chart (yellow box), then i lowered my timeframe to 4hr chart and there i saw different clues pointing on the same reversal direction. We've a Gartley pattern completed and still valid, we've an AB=CD pattern just completed, right at a psychological number. Finally, price has also created a candlestick pattern that signifies selling pressure and power (being a pinbar+engulfing).
With a small retracement i'm taking a short with stops above highs and X and targets as shown.

If you have questions or ideas to share, feel free to comment below.
Otherwise, see you in the next chart!

Trade active

Trade closed: target reached

First target hit! Stops to breakeven now.
More