EURNZD is completing a conglomerate of potential harmonic patterns to produce a highly confluent kill zone. In addition to a host of pattern completions, there is added support from a long term trendline and another strong S/R area further below price. SL is placed below the S/R area and targets placed at the .382 and .614 retracement of CD.
Confluence in the PRZ: 1. Bullish Gartley pattern completion 2. Bullish crab pattern completion 3. Bullish deep crab pattern completion 4. Bullish butterfly pattern completion 5. 2BC Projection 6. .786XA 7. 2.13AB=CD (Coincides with its .886AB reciprocal ratio) 8. 2.618BC Projection 9. Long-term trendline support 10. Strong S/R area
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