EURNZD bearish idea based on AB=CD pattern
Hi traders,
On the EURNZD I'm looking to enter short at the completion of this AB=CD pattern, which lines up with the 161.8% Fibonacci retracement of the December 2016 move.
Entry: 1.55812
Stop: 1.56971
Target 1: 1.53425 = R:RR 2.08
Target 2: 1.50996 = R:RR 4.22
Good luck guys! Updates will follow.
On the EURNZD I'm looking to enter short at the completion of this AB=CD pattern, which lines up with the 161.8% Fibonacci retracement of the December 2016 move.
Entry: 1.55812
Stop: 1.56971
Target 1: 1.53425 = R:RR 2.08
Target 2: 1.50996 = R:RR 4.22
Good luck guys! Updates will follow.
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