themarketzone
Long

Potential Buy Zone - AB=CD and Fibonacci

FX:GBPNZD   British Pound/New Zealand Dollar
Potential Buy Zone in $GBPNZD as this pair is reaching the 61.8 Fib retracement level and in the process completing an AB=CD pattern near 2.16.
1. Structure (GAP)
2. Fibonacci - 61.8 Fib
3. AB=CD pattern
4, RSI - Near oversold (daily)

Potential Target Zone - 2.25.

Tomer, The MarketZone
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Comment: Testing the lows of the Buy Zone.
Waiting for the new trading year with that one.
GBPUSD completed bullish Bat - Interesting
Try weekly RSI...daily looks like it's too many bars to correctly read this trend. I agree though.
+1 Reply
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