EUR/NZD - Potential Bearish Gartley Pattern on Daily Chart
EUR/NZD Daily Chart
I see a potential Gartley pattern for me to short soon.
Waiting for price to hit about 1.56475, ideally at the PRZ (Potential Reversal Zone).
ECB President Mario Draghi speaks tomorrow. He may talk about the risks of deflation despite the generous quantitative easing and the negative rates. Market volatility is expected. He may provide more details about how quantitative easing will evolve, something he did not do in the post-rate decision presser.
I see a potential Gartley pattern for me to short soon.
Waiting for price to hit about 1.56475, ideally at the PRZ (Potential Reversal Zone).
ECB President Mario Draghi speaks tomorrow. He may talk about the risks of deflation despite the generous quantitative easing and the negative rates. Market volatility is expected. He may provide more details about how quantitative easing will evolve, something he did not do in the post-rate decision presser.
Trade closed: target reached:
TP2 hit.