EURNZD: History may repeat (Cloning technique)
Hi there, I would like to share with you my view via the cloning technique as this pair has quite clean chart structure.
I cloned the left drop via bars pattern drawing tool and inserted it to the right in the blue color for visual comfort.
As you can see the current drop looks very similar and if it keep going so then there the correction could appear
between 1.7020 and 1.7260 - these levels are not mandatory and we just need to watch the structure carefully.
This could be a nice selling opportunity once the correction to the upside would be finished as another drop could be huge
as it is shown in the yellow zigzag.
I cloned the left drop via bars pattern drawing tool and inserted it to the right in the blue color for visual comfort.
As you can see the current drop looks very similar and if it keep going so then there the correction could appear
between 1.7020 and 1.7260 - these levels are not mandatory and we just need to watch the structure carefully.
This could be a nice selling opportunity once the correction to the upside would be finished as another drop could be huge
as it is shown in the yellow zigzag.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.