Rounded top reversal pattern // Sell the Neckline // IF=THEN ® Short
Euro Fx/New Zealand DollarFXCM
Description
⋅ FX:EURNZD
Similar to my previous published idea on FX:AUDNZD, also daily, we have one rounded top reversal pattern with the "same" neckline to sell;
At the same time we have a Bullish Bat pattern with point D targeting previous pressure zone, forging a nice R/R buy option;
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB (Crucial to close below point A)
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
Check FX:AUDNZD:
Safe Trades;