EURNZD (Potential Sell From Top) -Daily
Zaktualizowano
Used some Support and Resistance to confirm overlaps between prices and we can see how each completion retraced to some kind of support. First at left side there's a flag inside ABCD Pattern (B-C) which gave us D completion at -0.27 for our sell back to support where flag was formed (point C).
After that it went bullish forming a Pullback (pullback at -0.618 from flag), I measured bullish pullback by placing 0.236 at top and bought at 0.618 towards -0.27 which gave us our Higher High, right at -0.27 another ABCD Pattern began with same type of flag inside B-C, we can see D came back to support where -0.618 is and pullback began for bullish continuation (inside consolidation).
Now I expect to sell from top of this big consolidation.
Good Trading.
After that it went bullish forming a Pullback (pullback at -0.618 from flag), I measured bullish pullback by placing 0.236 at top and bought at 0.618 towards -0.27 which gave us our Higher High, right at -0.27 another ABCD Pattern began with same type of flag inside B-C, we can see D came back to support where -0.618 is and pullback began for bullish continuation (inside consolidation).
Now I expect to sell from top of this big consolidation.
Good Trading.
Uwaga
Trade still active with perfect retest at resistance.Good Trading. Daily Chart
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