EURNZD Possible AB=CD: Reversed From .5 Fib, Two Bear Flags

11 Tem 2019

EURNZD has reversed after retracing 50% of the most recent bearish impulse leg.

We also have a large bear flag that has been broken, and a small bear flag that has been broken as well.

Take profits are as follows:

TP 1: Most recent support
TP 2: 1.272 Extension of AB impulse leg
TP 3: 1.414 Extension of AB impulse leg & AB=CD pattern completion point

11 Tem 2019

Not

Head and Shoulders with Broken Neckline

11 Tem 2019

Not

Possible Movement

11 Tem 2019

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