Long EURNZD: 10 Reasons!

24 Eyl 2015

EURNZD is completing a conglomerate of potential harmonic patterns to produce a highly confluent kill zone. In addition to a host of pattern completions, there is added support from a long term trendline and another strong S/R area further below price. SL is placed below the S/R area and targets placed at the .382 and .614 retracement of CD.

Confluence in the PRZ:
1. Bullish Gartley pattern completion
2. Bullish crab pattern completion
3. Bullish deep crab pattern completion
4. Bullish butterfly pattern completion
5. 2BC Projection
6. .786XA
7. 2.13AB=CD (Coincides with its .886AB reciprocal ratio)
8. 2.618BC Projection
9. Long-term trendline support
10. Strong S/R area

Thanks for viewing and please don't forget to take a second to click the thumbs up button and follow for future updates and more trade ideas!

29 Eyl 2015

İşlem kapandı: hedefe ulaştı

T2 Achieved painlessly!