UnknownUnicorn661419

Breakout from structure confirmed with Bullish Gartley

Lång
FX:EURNZD   Euro / Nyzeeländsk dollar
It seems we have 2 confirmations on this pair, one with a clear breakout of structure with an additional confirmation of a bullish Gartley on the Daily and Weekly. MACD seems to indicate bullish price action to follow whilst on both RSI and Stochastic we have overbought status at the moment so we can expect a pullback before continuing to break through the second trendline around target #1.
Elliott wave count currently suggests bullish movement also with Harmonic (Gartley) confirmed which also suggests bullish movement to follow.

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This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
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