Update: This pair has failed to complete formation of the pattern, therefore cancelling the trade idea.
EURNZD is in the process of forming a Gartley pattern on the 1 hour chart. This pair could be setting up nicely for a scalp trade if prices rise up near point D. The projection of point D forming near the figure of 1.66000 which will also be a tough price point to break through purely on a psychological level. Figures or round numbers are levels many traders place their orders so this pair could run into resistance near point D. Keep in mind we are getting economic data at 21:30 tonight.
EURNZD is in the process of forming a Gartley pattern on the 1 hour chart. This pair could be setting up nicely for a scalp trade if prices rise up near point D. The projection of point D forming near the figure of 1.66000 which will also be a tough price point to break through purely on a psychological level. Figures or round numbers are levels many traders place their orders so this pair could run into resistance near point D. Keep in mind we are getting economic data at 21:30 tonight.