EURNZD Harmonic - Butterfly or Gartley
The EURNZD is in the 3rd leg of a Harmonic Pattern
- With the B leg completing near the .786 Fibonacci Retracement of XA , two patterns can be considered
- Both can find the C leg at .886 Level.
a. Butterfly
b. Gartley
You cannot tell at the moment, price is however looking to test key support at 1.57.....
So a short bias is suggested from present price 1.5950 to 1.5750.
- With the B leg completing near the .786 Fibonacci Retracement of XA , two patterns can be considered
- Both can find the C leg at .886 Level.
a. Butterfly
b. Gartley
You cannot tell at the moment, price is however looking to test key support at 1.57.....
So a short bias is suggested from present price 1.5950 to 1.5750.
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