EURNZD: Bearish Garley and Bat pattern

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!

Yorum:

Yorum:

The fall was really nice and this can see a deeper correction to downside. Tweezer Top on daily chart.

Yorum:

The Tweezer Top formation is viewed as a bearish reversal pattern seen at the top of uptrends.

Yorum: