EURNZD - A Possible Short-Term SELL Opportunity
I have started to observe that marked blue box, inside of it I start to search confirmations.
First of all, the blue box consists of:
1. Fibonacci Golden ratio 62%
2. Parallel channel projection
3. Equal waves
4. Fibonacci Extensions 127% & 161%
5. Round number 1.73000
6.* 2013 and 2016 yearly highs
The confirmation (bearish candlestick pattern) has to come from the 4H chart or from the Daily chart.
A perfect scenario/confirmation would be a rejection from the blue box and a Daily candle close below those yearly highs.
Do your own research and if this matching with my marked area then you are ready to go ;)
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards!
First of all, the blue box consists of:
1. Fibonacci Golden ratio 62%
2. Parallel channel projection
3. Equal waves
4. Fibonacci Extensions 127% & 161%
5. Round number 1.73000
6.* 2013 and 2016 yearly highs
The confirmation (bearish candlestick pattern) has to come from the 4H chart or from the Daily chart.
A perfect scenario/confirmation would be a rejection from the blue box and a Daily candle close below those yearly highs.
Do your own research and if this matching with my marked area then you are ready to go ;)
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards!
Trade closed: target reached:
Eh..that was fast, thank you Super Mario (Mario Draghi) ;)
For technical analysis (TA) lovers - TA. can predict fundamentals!
Cheers!
For technical analysis (TA) lovers - TA. can predict fundamentals!
Cheers!
