EURNZD: Bullish idea based on AB=CD pattern
Updated
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
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
Note
Nice rejection off the 100% AB=CD completion.Note
Good reversal between the two patterns.
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