We have had our double top, broken structure and have now had our retracement into the 618 area.
As with my idea on teh 4hr chart im expecting this to now see a move to the downside
FX:EURNZD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
And Eventual Cypher point "C" If we get an AB=CD pattern.
CYPHER:
Point B:
38.2% to 61.8% XA
Point...
On the EUR.NZD 15min chart we have two potential short opportunity at the D leg completion of a Bat Pattern
The price reversal zone on this pair is between 1.6650 (Green) & 1.6590 (White)
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat Pattern placed at the .382% and .618%...
FX:EURNZD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Eventual SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD
Safe trades;
open.spotify.com
This week on the EUR.NZD 1 hour chart we have a potential long and short opportunity at the D leg completion of a Bat Pattern
Bullish Bat Pattern - D leg completion 1.6576
Bearish Bat Pattern - D leg completion 1.6965
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat Pattern...
Overall on bigger timeframes, an up move is due. But in the meantime, until we get that confirmation of an uptrend, there is a nice sell setup on the 4H. A corrective structure on lower time frames has been breached. So I will look for entries on 1H/15min.
If we get a good entry, we can expect a sharp move down to the next trendline structure.
On the EUR.NZD 15 min chart we have two potential short opportunity's at the D leg completion of Cypher Patterns
Price Reversal Zone - Blue 1.7038 & 1.7133
Price Reversal Zone - Green 1.6919 & 1.6985
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher Pattern placed at the...
boafx.com The large sentiment rally over the beginning of the month caused the EUR/NZD to pull back to a previous area of resistance where it rejected that level. Since then the Fundamentals have improved on the NZD and with various ECB press conferences going on at the moment and the Greek bailout looking more and more uncertain we can expect this to test
Bat patterns need:
.382 or .500 XB leg (we have a .382)
.382 or .886 AC leg (we're just shy of .886)
1.618 or 2.618 BD leg (we're just shy of 2.618)
.886 XD leg
This looks like a bat pattern to me. Since XA is a .382 retracement and we have a strong bearish trend, I think the .618 is a good TP1 and the 1.272 is a good TP2. Stops above X.
