NZDUSD AB=CD Pattern wih FIb Cofluence Long

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jul 2, 2015 7:29 AM

Thought this was interesting. This AB=CD Pattern is now completing. The A-B leg is made up of 5 candles. The C-D leg is made up of 8 candles. 8 divided by 5 equals 1.6 which is a major fib level that lines up right in that zone! Coincidence?