GARTLEY PATTERN ON EURNZD 240

8 oct 2014

A Gartley pattern is potentially setting up on the EURNZD 4h chart. If it completes around 1.5850 it will have reached a previous structure level (see the red dotted line) where support might now turn into resistance and price can bounce off and rally. The Fib extensions of AB and CB align perfectly with this level.

2 potential targets, 0.382 and 0.618 retracements of the AD movement are at structure as well.

I might have a shot at this one, once it completes