NZDUSD Ascending Triangle (Continuation)
NZDUSD ABCD Pattern (Possible Short)
Watch for ABCD and Gartley patterns. Keep it simple. Good luck.
Update: Target for 1.2830 is reached. It should hold 78.6% Fibonacci retracement and rally up to 1.3800 level unless it will close below (x) point. Market might form small gartley pattern in much greater gartley. Watch for AB=CD patterns.
Market may be forming bullish harmonic gartley pattern on weekly timeframe (long term). Price action is at 100% AB=CD pattern level and it may rally up from psychological 0.80 area. However Weekly and Daily MACD are bearish and EUR/GBP pair may go lower to form 127% ABCD pattern. Watch for 61.8% and 78.6% Fibonacci retracement levels if price would go lower.
The USD/JPY is forming bullish gatley on 4hr timeframe. My entry point at D point 80.60 unless price action will close below X point at 80.28.
The EUR/GBP might go up due to the forming bullish butterfly pattern. Watch for the area between Fibonacci retracement 127% and 168% (blue shaded area) and wait for MACD turns bullish. The price action might go lower to butterfly pattern D point 0.8043 before ralling up.
EUR/USD reached D point at 61.8% Fibonacci expansion for AB=CD on small gartley. MACD turned bullish and my bais changed to bullish side now. Target for great gartley pattern D point is around 100% Fibonacci expansion 1.3860 and 78.6% Fibonacci retracement 1.3900. This will change if price action breaks rising TL of the triangle (green TLs). Watch for triagle upper TL.
Market might form small gartley pattern in much greater gartley. Watch for AB=CD patterns.