EURNZD - Bullish Gartley pattern at previous structure

22 Feb 2016

A bullish bat pattern is about to complete in this consolidating price action. Completion aligns with previous structure and the 88.6% retracement of the anchor leg. A potential AB=CD pattern also would complete in the same area

Traditional targets :
38.2% for a > 3:1 RR
61.8% for a > 5:1 RR

Also take a look at my USDCAD short idea (see link below)

Thanks for the thumbs up if you like my idea and may the pips be with you !

PS : This is the 100th idea I publish ... a little celebration ! :D

22 Feb 2016

Nota

Corrected the title ... of course it is a Gartley Pattern, not a Bat ... the 88.6% level for completion in combination with not enough coffee must have confused me :)

22 Feb 2016

Nota

We actually have 2 AB=CD patterns completing around our entry area, making it even stronger

22 Feb 2016

Dagangan aktif

22 Feb 2016

Dagangan ditutup: hentian tercapai

Market decided otherwise ... time to look for a new opportunity.