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salsapete

EURNZD Harmonic - Butterfly or Gartley

Short
Euro / New Zealand Dollar (FX:EURNZD)  
salsapete  
FX:EURNZD   Euro / New Zealand Dollar
Harmonic Patterns Butterfly Gartley
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harmonicpatterns butterflypattern gartleypattern
The EURNZD is in the 3rd leg of a Harmonic Pattern

- With the B leg completing near the .786 Fibonacci Retracement of XA , two patterns can be considered

- Both can find the C leg at .886 Level.

a. Butterfly

b. Gartley

You cannot tell at the moment, price is however looking to test key support at 1.57.....

So a short bias is suggested from present price 1.5950 to 1.5750.

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