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!