EURNZD: Bullish idea based on AB=CD pattern

15 Şub 2017

Hi traders,

On this EURNZD we have
[1] a 127.2% Fibonacci extension of the A-B-A move and a 100% Fibonacci extension of the A-B-C
[2] a 161.8% Fibonacci extension of the A-B-A move and a 141.4% Fibonacci extension of the A-B-C

Cheers

15 Şub 2017

Not

Nice rejection off the 100% AB=CD completion.

16 Şub 2017

Not

Good reversal between the two patterns.