KlejdiCuni
Short

EURNZD: Bearish Garley and Bat pattern

FX:EURNZD   Euro / New Zealand Dollar
For the time being EURNZD is testing a strong resistance zone that is also the completion of a daily garley pattern. I am expecting prices to reverse from first red zone. As i am looking we are now on the 5-th of a (3)-rd wave and we can be ready for the (4) wave. If the first resistance red zone is broken than we can be in the 5-th extended wave of the (3) wave and we can see prices to bounce up to 1.8100 price, the bearish Bat completion.
1.7030 price is also the golden ratio 61.8% of the daily structure and we are to near that zone now.
Trade with care.
Good Luck!
Comment:
Comment: The fall was really nice and this can see a deeper correction to downside. Tweezer Top on daily chart.
Comment: The Tweezer Top formation is viewed as a bearish reversal pattern seen at the top of uptrends.
Comment:

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out